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Joy Global to Sell Drilling Div. of LeTourneau

Joy Global reported it has agreed to sell the drilling products business of the recently acquired LeTourneau Technologies.

September 01, 2011

Joy Global reported it has agreed to sell the drilling products business of the recently acquired LeTourneau Technologies. The company will sell the LeTourneau Technologies Drillings Systems and Offshore Products divisions to Cameron International for $375 million in cash, according to Zacks Investment Research.

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Source: Zacks Investment Research

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