Caterpillar (CAT -2.9%) agrees to sell its Bucyrus distribution and support business in South...

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

Caterpillar (CAT -2.9%) agrees to sell its Bucyrus distribution and support business in South Africa and Botswana to industrial group Barloworld (BRRAY.PK) for $115M. The divestment follows Caterpillar's $7.6B acquisition of Bucyrus, a maker of mining equipment, in 2011.