M&A News: Caterpillar (CAT) to Buy RPMGlobal in a Daring Mining Tech Push
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Caterpillar (CAT) is set to acquire RPMGlobal for AU$1,123 million ($728.2 million), offering shareholders a 32.6% premium over the last closing price. The deal enhances Caterpillar's position in digital mining technologies, while RPMGlobal can leverage Caterpillar's reach for global expansion. RPM shareholders will receive AU$5 per share, pending approvals. CAT stock has risen over 35% this year, with analysts rating it a Moderate Buy, projecting a price target of $477.0, indicating a potential downside of 3%.
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