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Cat buys Bucyrus

Caterpillar Inc. and Bucyrus International, Inc. announced that they have entered into an agreement under which Caterpillar will acquire Bucyrus International in a transaction valued at approximately $8.6 billion (including net debt). The acquisition is based on Caterpillar’s key strategic imperative to expand its leadership in the mining-equipment industry, and positions Caterpillar to capitalize on the robust long-term outlook for commodities driven by the trend of rapid growth in emerging markets which are improving infrastructure, rapidly developing urban areas and industrializing their economies.

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Summit Continues Acquisitions

This year’s most active U.S. construction materials deal maker, Summit has added ready mixed and aggregate properties in markets where it only recently staked claim, closing on Con-Agg in Columbia, Mo., and Altaview Concrete in Sandy, Utah

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Vcna, Levy In Joint Venture

Toronto-based Votorantim Cement North America continues to integrate downstream of its Great Lakes mill and terminal assets, building on what had been limited Michigan concrete-market play

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Txi Elects Aggregate Industry Veteran

Texas Industries appointed Dorothy C. Weaver and John D. Baker II to fill two vacancies on its board of directors

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Limestone Grinding Operation Opens

Charah, Inc., an ash management provider for the coal-fired electric utility industry, and Ameren Missouri opened a limestone grinding facility at APAC Tennessee’s Brickey Quarry located in Bloomsdale, Mo.

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