Total value of deal is US$170 million. Transaction expected to close by year end.
Deal will combine two of Canada’s largest heavy equipment distributors.
Report suggests the manufacturing giant has avoided paying $2.4B in taxes since 2000 by shifting profits to an affiliate in Switzerland.
800 workers at the company’s Joliet facility are finally heading back to work.
Deficit reduction helped by cheaper oil that lowered imports and more exports to Europe and China.
Caterpillar is broadening its presence in China with an offer worth up to $759 million to acquire ERA Mining Machinery Ltd. and its wholly-owned subsidiary Siwei.
Transferring small-track tractor production from a plant in Japan