Caterpillar (NYSE:CAT) Wins EU Approval

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Caterpillar (NYSE:CAT) has won European Union approval to buy Bucyrus International. Caterpillar (NYSE:CAT) Wins EU Approval European Union antitrust regulators have approved Caterpillar (NYSE:CAT)'s proposal to buy Bucyrus International for about $8.6 billion including debt. According to an email statement by the European Commission, "The deal, which adds shovels and drills to Caterpillar (NYSE:CAT)'s range of mining machinery, won't hurt competition in the 27- nation EU. Whilst the transaction will result in high combined market shares worldwide, the increase in market share accounted for by Bucyrus is relatively low." Caterpillar Inc. (NYSE:CAT) shares were at 109.39 at the end of the last day’s trading. There’s been a 11.8% change in the stock price over the past 3 months. Caterpillar Inc. (NYSE:CAT) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.83 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.92 Zack’s Rank: 1 out of 8 in the industry