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Gold/Mining/Energy : Joy Global
JOY 28.300.0%Apr 13 4:00 PM EDT

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From: Condo12/24/2016 2:23:08 AM
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Komatsu to Buy Joy Global for $2.9 Billion

The struggling mining equipment industry will soon be dominated by two large companies: Japan’s Komatsu Ltd. and its larger U.S. rival, Caterpillar Inc.

Tokyo-based Komatsu said on Thursday it would buy U.S. equipment manufacturer Joy Global Inc. for $2.9 billion in a bet that the mining-equipment market will grow again starting in 2019.

wsj.com
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