catepillar buys bucyrus to get hold in the mining business

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susan

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catepillar buys bucyrus to get hold in the mining business

posted on Nov 15, 2010 09:25AM

This is big news today.......you may also want to check out EGD or EGDFF as it too is a mining service company. Disclaimer....froggie owns some of EGDFF.

Deal makers zero in on commodities
Caterpillar digs Bucyrus
Blue-chip heavy-equipment maker Caterpillar sees an opportunity to bolster its presence in the mining segment, agrees to pay $7.6 billion in cash for Bucyrus International — a 32% premium.

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