METS

Cat seals Bucyrus buy

THE ink is finally dry on the contract, as is the black and gold paint on the Bucyrus shovels and blast hole drill rigs, sealing one of the biggest consolidations in mine supply.

Noel Dyson
Cat seals Bucyrus buy

The deal has been valued at $US8.8 billion ($A8.22 billion) – including net debt. Caterpillar funded the acquisition using cash and debt. It did not issue any equity to help fund the transaction. When...

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