As expected, the U.S. Justice Department has cleared the Caterpillar-Bucyrus deal.
Here is the press release, and here is an item from WISN. From the release:
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 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.
What do you think of the deal and its potential impacts on South Milwaukee? Post your comments below!
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