Caterpillar (CAT) is buying mining equipment maker Bucyrus International (BUCY) in a deal valued...

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

Caterpillar (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)