Bucyrus shareholders OK takeover by Caterpillar

By Dow Jones Newswires
Posted Jan. 21 at 8:24 a.m.

Bucyrus International said shareholders approved a proposed $7.6 billion takeover offer from Caterpillar Inc., Reuters reported Friday on its Web site.

Almost 74 percent of holders of total outstanding shares of Bucyrus common stock voted Thursday to approve the deal, Bucyrus said.

Bucyrus, a manufacturer of mining equipment, said both companies expect the deal to be completed by mid-year.

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