Mayer Brown Reps Caterpillar In $8.6B Bucyrus Deal

Law360, New York (November 15, 2010, 1:29 PM EST) -- Caterpillar Inc. said Monday it has agreed to buy Bucyrus International Inc. in a deal valued at $8.6 billion, as the world's largest manufacturer of construction and mining equipment seeks to expand its reach in the global mining industry.

Under the deal, which includes the assumption of net debt, Bucyrus shareholders will receive $92 per share in cash, or about $7.6 billion total, which represents a 32 percent premium to Bucyrus' share price Nov. 12, the companies said.

Peoria, Ill.-based Caterpillar said it plans to fund...
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