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Joy Global's (JOY +1.3%) low takeover valuation may attract potential acquirers, as a buyer...

Joy Global's (JOY +1.3%) low takeover valuation may attract potential acquirers, as a buyer could offer a premium of 80% and still acquire it at the least expensive net income multiple on record for the industry, Bloomberg reports. JOY trades at ~8.2x 12-month trailing earnings, lower than 90% of similar construction and mining equipment makers. One possible suitor: Komatsu (KMTUY.PK).
Comments (1)
  • David INC.
    , contributor
    Comments (221) | Send Message
     
    Now, that would be something... Komatsu LTD is busy donating any equipment and related services, to clean up the horrendouse mess the earthquake/tidalwave left...which is really something.
    5 Jun 2012, 03:57 PM Reply Like
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