offer made by Japanese manufacturer of mining equipment Komatsu (TYO: 6301) to buy US-based competitor Joy Global (NYSE:JOY). The deal is set to boost its ability to compete with Western rivals, particularly Caterpillar (NYSE:CAT).
21 Jul 2016
date Komatsu made the offer to buy Joy Global in an all cash transaction.
19 Oct 2016
Joy Global shareholders overwhelmingly approved the proposed sale to Komatsu.
expected closing of the deal - most likely by mid 2017.
people employed by Joy Global in 20 countries. It is based in Milwaukee, Wisconsin, USA.
people empoyed by Komatsu globally. It is based in Tokyo, Japan.