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Clearlease.com: Caterpillar (NYSE:CAT) completed the biggest deal ever in its history, namely the $8.8 billion buyout of Bucyrus International Inc.
[July 12, 2011]

Clearlease.com: Caterpillar (NYSE:CAT) completed the biggest deal ever in its history, namely the $8.8 billion buyout of Bucyrus International Inc.


(M2 PressWIRE Via Acquire Media NewsEdge) VANCOUVER, BC -- Dominion Lending Centres Clearlease Reports Heavy Equipment manufacturer, Caterpillar (NYSE:CAT) completed the biggest deal ever in its history, namely the $8.8 billion buyout of Bucyrus International Inc July 12, 2011.

The deal capitalizes on the rising demand for coal and minerals triggered by growth in emerging nations.

In November last year, Caterpillar announced its intention to acquire Bucyrus, a South Milwaukee-based manufacturer of surface and underground mining equipment.


Caterpillar funded the $8.8 billion (including debt) acquisition through a combination of cash on its balance sheet and debt. The company issued $4.5 billion of new debt on May 24, 2011 at historically low rates. Caterpillar did not issue equity for the acquisition.

The combined portfolio broadens Caterpillar's mining equipment product line, resulting in the most expansive product offering in the mining equipment industry. Caterpillar expects the deal to be accretive to its profit in the first full year, excluding 50 cents per share of one-time charges.

Synergies expected from the deal include: Caterpillar remanufacturing products and services for Bucyrus equipment; sales and support from Caterpillar's existing dealer network; use of Caterpillar's engines and components in Bucyrus products; and cost efficiencies in purchasing, engineering and deployment of manufacturing best practices. In quantitative terms, synergy benefits are expected to noticeably add to operating profit in 2013 and exceed $400 million in 2015.

Caterpillar is riding the wave of heightened construction and mining activity in the developing markets, triggered by the demand for coal, copper and iron ore. The company expects demand to continue expanding over the next decade.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It operates through three lines of businesses: Machinery, Engines, and Financial Products. The Machinery business offers construction, mining, and forestry machinery, including track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, underground mining equipment, tunnel boring equipment, and related parts. It also manufactures diesel-electric locomotives; and manufactures and services rail-related products and logistics services for other companies.

The Engines business provides diesel, heavy fuel, and natural gas reciprocating engines for Caterpillar machinery, electric power generation systems, marine, petroleum, construction, industrial, agricultural, and other applications. It offers industrial turbines and turbine-related services for oil and gas, and power generation applications. This business also remanufactures Caterpillar engines, machines, and engine components; and offers remanufacturing services for other companies. The Financial Products business provides retail and wholesale financing alternatives for Caterpillar machinery and engines, solar gas turbines, and other equipment and marine vessels, as well as offers loans and various forms of insurance to customers and dealers. It also offers financing for vehicles, power generation facilities, and marine vessels. The company markets its products directly, as well as through its distribution centers, dealers, and distributors. It was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar Inc. in 1986. Caterpillar Inc. was founded in 1925 and is headquartered in Peoria, Illinois.

Equipment Types: Backhoe, Skid Steer, Excavator, Telehandler, Loader, Mulcher, Skidder, Trailers, Used Equipment - All Types, Wood Chippers Some of the Business Equipment Dominion Lending Centres Clearlease Finance include: Office Fitout, Office Furniture, Oxygen Machines, PABX, Photocopiers, Plasma & Display Screens, Point of Sales POS, Printers, Retail Fitout, RFID Systems, Salon Equipment, Scanners, Security Systems, Shelving & Storage, Software, Telephone Systems, Trucks, Water Systems, Workstations, Air conditioning units, Audio Visual, Biometric Technologies, Boats, Buses, Cars, Catering Equipment, Compressors, Computers, Laptops & other IT, Display Stands, Earth moving equipment, Fax Machines, Forklifts, Gaming equipment, Generators, GPS Systems, Hospitality Fitout, Kiosks & Touch Screens, Massage Tables & Chairs, Medical & Dental, Mining Equipment, Office Equipment.

Dominion Lending Centres Clearlease are specialists in; lease, equipment leasing, leasing, lease equipment, equipment lease Canada, equipment financing, financing, leasing companies, leases, equipment leases, lease financing, equipment lease finance, business financing, lease new, lease used, commercial equipment lease, business finance, business lease, truck lease, truck financing, auto financing, commercial vehicle lease, business financing specialist, leasing services Vancouver, BC, alberta, lease canada, bobcat, skid steer, excavator, loader, heavy equipment.

For more information please visit us at: http://clearlease.com/contact.html About Dominion Lending Centres Clearlease Dominion Lending Centres Clearlease Commercial (DLC Clearlease / Clearlease.com / DLCC/DLCCC) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for Dominion Lending Centres Commercial Capital (DLCCC).

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact: Dominion Lending Centres Clearlease HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.

Mr. Alexander Pidgeon, Editor in Chief Tel: (604) 696-1221 ext. 199 eMail: alex@clearlease.com Website: http://www.clearlease.com News: http://clearlease.com/category/equipment-lease-blog/feed/rss Twitter: @clearlease Video Link: http://youtu.be/fROP17iUSEg CONTACT: Mr. Alexander Pidgeon, Editor in Chief Tel: (604) 696-1221 ext. 199 eMail: alex@clearlease.com Website: http://www.clearlease.com News: http://clearlease.com/category/equipment-lease-blog/feed/rss Twitter: @clearlease Video Link: http://youtu.be/fR ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com)).

(c) 2011 M2 COMMUNICATIONS

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