
The United States Department of Justice has given the go-ahead for Caterpillar to acquire mining equipment manufacturer Bucyrus International, concluding the antitrust review process in the US.
The clearance by the DOJ will allow the acquisition, valued at approximately $8.6 billion (including net debt), to proceed as soon as all other conditions to closing have been satisfied. The transaction is expected to close in mid-2011.
The acquisition is based on Caterpillar's key strategic imperative to expand its leadership in the mining equipment industry.