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Caterpillar (CAT) is buying mining equipment maker Bucyrus International (BUCY) in a deal valued...
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Monday, November 15, 2010, 7:43 AM ETCaterpillar (CAT) is buying mining equipment maker Bucyrus International (BUCY) in a deal valued at $8.6B, including debt, to "better serve [customers'] increasingly complex requirements." Shareholders will get $92/share, a 32% premium over Friday's closing price. BUCY +29% to $89.75. CAT -1.3%. (PR)
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Didn't somebody said just last week that there is a buyout bubble because money is too cheap?