Bucyrus DBT deal to close

摘要

ONE of the most significant consolidation moves for capital mining equipment in recent years, the acquisition by US surface major, Bucyrus International of Germany's underground equipment leader, DBT GmbH from RAG Coal is expected by the end of the March 2007. Bucyrus will pay 710 million US dollars in cash and issue to RAG 471,476 shares. Bucyrus declined to comment on the deal prior to closure, however in the original 17 December announcement, president and CEO Tim Sullivan stated, "We believe that this is a unique opportunity to jointly build a stronger company - both companies share a similar culture and history with a focus on technology, delivering high quality products, valued employee relationships and providing first class service to our customers"