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    Baker Hughes announces closing of EIMCO sale

    News // November 22, 2002
    Baker Hughes Incorporated has announced that it has successfully completed the sale of EIMCO Process Equipment, a division of its Process segment, to Groupe Laperriere & Verreault of Montreal, Canada.

    The company received total proceeds of approximately $48.9 million, of which approximately $4.9 million are held in escrow pending completion of final adjustments to the purchase price.

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