Caterpillar Buys Bucyrus International for $8.6B
November 15, 2010 at 12:34 PM EST
Caterpillar (CAT), the world’s largest maker of construction and mining equipment, said Monday it will acquire Bucyrus International Inc. (BUCY) in a transaction valued at about $8.6 billion. The purchase price works out to $92 per share, a 32% premium to Bucyrus’ closing share price of $69.62 last Friday. “For several years, mining customers have [...]
