subscribe to ENR magazine subscribe
contact us
careers industry jobs
events events
Dodge Data & Analytics
ENR Logo
Web access will be provided
as part of your subscription.

CAT Moves Forward in Purchase Of Bucyrus for $8.6 Billion

Text size: A A

On May 20, Caterpillar Inc. received U.S. Justice Dept. clearance to press ahead with its $8.6-billion buyout of Oak Creek, Wis.-based Bucyrus International Inc. The deal, announced in November, is set to close in mid-2011. Caterpillar won’t issue $2 billion in equity to underwrite the purchase, as once planned. Rather, the Peoria, Ill., construction equipment maker is paying for Bucyrus through a combination of cash on hand and debt in the form of a $4.5-billion, five-part bond sale. The purchase is Caterpillar’s largest acquisition to date.

----- Advertising -----
----- Advertising -----
  Blogs: ENR Staff   Blogs: Other Voices  
Critical Path: ENR's editors and bloggers deliver their insights, opinions, cool-headed analysis and hot-headed rantings
Project Leads/Pulse

Gives readers a glimpse of who is planning and constructing some of the largest projects throughout the U.S. Much information for pulse is derived from McGraw-Hill Construction Dodge.

For more information on a project in Pulse that has a DR#, or for general information on Dodge products and services, please visit our Website at

Information is provided on construction projects in following stages in each issue of ENR: Planning, Contracts/Bids/Proposals and Bid/Proposal Dates.

View all Project Leads/Pulse »

 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.