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UPDATE 1-National Oilwell Varco to buy CE Franklin for C$240 mln
Reuters: Company News
Posted on May 30, 2012 at 18:12 PM EDT
May 30 (Reuters) - Oilfield production equipment distributor CE Franklin Ltd said it will be bought by National Oilwell Varco Inc for about C$240 million ($233.08 million) in cash as the U.S. oilfield equipment maker expands its footprint.
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