Update: The Journal Sentinel has a story Sunday on the global impact of the Bucyrus and Ladish deals.
A Bucyrus shareholder has sued the company claiming it could have gotten a better deal than the one it agreed to with Caterpillar this week.
Check out the story here. From it:
Directors of South Milwaukee-based Bucyrus have a duty to get the best possible price for the company, including through an auction, and used an unfair process in the Caterpillar deal, investor Margaret C. Richardson said Wednesday in a complaint in Delaware Chancery Court in Wilmington.
The price “is unfair and inadequate because, among other things, the intrinsic value of Bucyrus’s stock is in excess of the consideration offered” based on the company’s prospects, lawyers for Richardson said in court papers.
The story is one of several offering more perspective on the deal this week.
The Business Journal has items on CEO Tim Sullivan’s future and Joy Global’s (non) reaction to the deal. Here is a National Public Radio item with an interview from Mayor Tom Zepecki, and here is a trend item from NPR on the Bucyrus and Ladish deals.
And check out these other headlines of note from around the South Shore:
- Walmart is Coming to Town? (Jerrianne Hayslett’s New Kid’s View blog)
- Wooden Shark Sculpture by Dying South Milwaukee Man Vandalized (Fox 6)
- Developer to Buy Unsold Condos at Troubled 601 Lofts (Journal Sentinel)
- New Chef at Sheridan’s in Cudahy (Journal Sentinel)
- Cudahy Kennel Club’s Fall Feline Frenzy (Journal Sentinel)
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