oilfield services

GE Agrees to Buy Wellstream for $1.3 Billion

General Electric Co. (GE) will buy Wellstream Holdings Plc (WSM), a British oilfield-services provider focused on the Brazilian market, for 800 million pounds ($1.3 billion). The deal is worth 786 pence per share of Wellstream, including a 6 pence special cash dividend, Bloomberg News reported. That%u2019s 29% higher than the stock%u2019s closing price on Sept. 20, the day before Wellstream said it had received approaches.