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Komatsu optimism or opportunism?

Komatsu’s proposed US$3.7 billion acquisition of US-based Joy Global will deliver the Japanese company a very similar mining business to Joy’s former Milwaukee neighbour, Bucyrus, bought by Caterpillar in 2010 for more than double the price Komatsu is paying.

Komatsu optimism or opportunism? Komatsu optimism or opportunism? Komatsu optimism or opportunism? Komatsu optimism or opportunism? Komatsu optimism or opportunism?

Bucyrus reported mining sales of $2.65 billion and net income of $313 million in the year before Caterpillar paid US$92/share for Bucyrus’ equity in an $8.