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

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)
Comments (1)
  • They are overpaying big time, but CAT stock is overpriced big time too. Are they paying in stock? This feels very bubbly at this point.
    Didn't somebody said just last week that there is a buyout bubble because money is too cheap?
    15 Nov 2010, 09:59 AM Reply Like
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