
Caterpillar, Inc. (NYSE:CAT) shares are trading higher on Monday after the company inked a Scheme Implementation Deed with Australia-based RPMGlobal Holdings Limited.
As per the deal, Caterpillar, or its wholly owned subsidiary, will acquire 100% of RPM’s fully diluted share capital through a Scheme of Arrangement for an equity value of 1.12 billion Australian dollars ($733 million).