Caterpillar's (CAT +0.8%) bid to buy ERA Mining is in the stretch run with final details of the...


Caterpillar's (CAT +0.8%) bid to buy ERA Mining is in the stretch run with final details of the $6.9B merger still being hammered out. One of the bigger items on the table is if the deal will be an all-cash offer or be financed by a note with a valuation tied to the gross profit of the company.

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