Joy Global Inc. Announces Completion of Transaction to Sell Drilling Products Business
25 10월 2011 - 5:30AM
Business Wire
Joy Global Inc. (NASDAQ: JOYG) (“Joy Global”), a
worldwide leader in high-productivity mining solutions, today
announced that it has completed the transaction to sell the
drilling products business of its LeTourneau Technologies Inc.
(“LeTourneau”) business to Cameron International Corporation
(“Cameron”) (NYSE: CAM) for $375 million in cash, subject to
certain post-closing adjustments.
Bank of America Merrill Lynch served as exclusive financial
advisor to Joy Global on this transaction. Covington & Burling
LLP served as legal advisor.
About Joy Global
Joy Global Inc. is a worldwide leader in manufacturing,
servicing and distributing equipment for surface mining through
P&H Mining Equipment and underground mining through Joy Mining
Machinery.
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