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Benzinga
Benzinga
Business
Lekha Gupta

Caterpillar Eyes Bigger Mining Tech Edge With RPMGlobal Buyout

Kaunas,,Lithuania,-,March,23:,Caterpillar,Heavy,Duty,Equipment,Vehicle

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).

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