May 25, 2:05 PM EDT
Media & Culture
Caterpillar paying $7.6 bln for rival Bucyrus
By IBT Staff Reporter on 11/15/10 AT 1:07 PM
Caterpillar Inc., which makes earthmoving machinery, agreed to buy rival Bucyrus International for a total of $7.6 billion, or $92 per share, in cash to boost its presence in the mining equipment industry.