Equipment Type

SEC Investigates Caterpillar’s Bucyrus Purchase

The U.S. Securities and Exchange Commission is investigating Caterpillar’s 2011 purchase of mining equipment maker Bucyrus International Inc., according to Reuters.

November 03, 2014

The U.S. Securities and Exchange Commission is investigating Caterpillar’s 2011 purchase of mining equipment maker Bucyrus International Inc., according to Reuters.

The subpoena, issued Sept. 10, 2014, seeks information related to the company's accounting for goodwill from the $7.6 billion acquisition. Caterpillar believes the purchase was “appropriate” and is cooperating with the SEC, the report says.

Read more

Source: Reuters 

More like this

Comments on: "SEC Investigates Caterpillar’s Bucyrus Purchase"

Overlay Init