Caterpillar Wins EU Approval to Buy Bucyrus

May 5, 2011

Caterpillar received approval from European Union antitrust regulators to buy Bucyrus International in a transaction valued at $8.6 billion including debt.

The deal, which adds shovels and drills to Caterpillar’s range of mining machinery, won’t hurt competition in the 27-nation EU, according to the European Commission.

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Source: Bloomberg.com

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