• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Business / Caterpillar to acquire Bucyrus

Caterpillar to acquire Bucyrus

November 15, 2010 By Bob Hague

A huge deal involving a Wisconsin manufacturer. Caterpillar, the world’s largest construction and mining equipment maker, has agreed to buy Bucyrus International for $7.6 billion. The deal, already approved by the boards of both companies, will create a global supplier of mining equipment, trucks and hydraulic shovels. Peoria-based Caterpillar will also assume $1 billion of Bucyrus debt. Caterpillar intends to locate its mining business headquarters in South Milwaukee, where Bucyrus headquarters is currently located, and maintain the Bucyrus brand.

Shares of Bucyrus rose thirty percent on news of the deal, which still needs approval by regulators and Bucyrus shareholders. Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel electric locomotives. Bucyrus’ surface mining equipment is used for mining coal, copper, iron ore, oil sands and other minerals. Bucyrus underground mining equipment is used primarily for mining coal.

Share this:

  • Facebook
  • Twitter

Filed Under: Business



Featured Stories

Wisconsin veterans cheer passage of PACT Act

Lasry leaves U.S. Senate race and endorses Barnes

Trump will host Waukesha campaign rally for Tim Michels

U.S. House passes Respect for Marriage Act

Former UW Chancellor Blank’s cancer diagnosis means she will not take Northwestern job

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC