Tag: Bucyrus International

Technology

Reporter

Hire a Vet Taking aim at the current 13.3-percent unemployment rate for Iraq and Afghanistan veterans, Congress is considering bills that may help contractors hire veterans. The bills call for a retraining program for unemployed older veterans, would give veterans information on how to find a job, and offer tax credits and other incentives to […]

August 3, 2011

Roadbuilding

U.S. Department of Justice clears Cat acquisition of Bucyrus

The United States Department of Justice (DOJ) has closed the investigation into Caterpillar Inc.’s planned acquisition of Bucyrus International and cleared Cat to move forward. The DOJ action, in addition to the expiration of the Hart-Scott-Rodino Act waiting period, concludes the antitrust review process in the United States. The clearance by the DOJ will allow […]

May 23, 2011

Business

Cat acquires Bucyrus for $8.6 billion

Caterpillar has agreed to acquire Bucyrus International for $8.6 billion, including net debt. The acquisition is part of Cat’s “key strategic imperative to expand its leadership in the mining equipment industry.” Caterpillar says the acquisition will also help it “capitalize on the robust long-term outlook for commodities” that’s being driven by rapid growth in emerging […]

November 16, 2010