Caterpillar(CAT) announced on Monday, the mining equipment manufacturer Bucyrus International Inc. (BUCY) has agreed to share 92dollarprice of the merger with Caterpillar, including debt, the transaction valued around 8.6 billion .
Reported that the cash transaction valued at 7.6 billion, Caterpillar will pay about 10 billion dollars in debt. Bucyrus International, Inc. in accordance with the closing price on Friday $ 69.62 per share basis, Caterpillar offer about 32% of the premium. Transaction is expected to be completed in mid-2011.
Caterpillar Chairman and CEO of the Road, Hyman said Georg, "In recent years, corporate customers have been hoping to expand our product lines and services to meet their increasingly complex needs. The deal is on customer needs a clear response. "Caterpillar said it would up to 20 billion dollars innew stockissuance, and the company's cash reserves and issuing bonds, etc. to complete the transaction financing
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