Sunday, July 29, 2007

Doosan Infracore to Acquire Ingersoll-Rand's Bobcat Unit for $4.9 Billion

(Bloomberg) -- Doosan Infracore Co., South Korea's
largest maker of construction machinery, agreed to buy Ingersoll-
Rand Co.'s Bobcat and other units for $4.9 billion, the biggest
overseas acquisition by a South Korean company.

The company will buy the Bobcat compact-equipment unit,
and the Utility Equipment and Attachments divisions, Incheon,
South Korea-based Doosan Infracore said in an e-mailed statement
today. Ingersoll-Rand has its headquarters in Bermuda.


Read more at Bloomberg Emerging Markets News

No comments: