Bucyrus International, Inc. Acquires DBT GmbH.

0 Comments | M2 Presswire, December, 2006

M2 PRESSWIRE-18 December 2006-News Flash: Bucyrus International, Inc. Acquires DBT GmbH(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:18122006 Bucyrus International, Inc. (NASDAQ: BUCY) engages in the design, manufacture, and marketing of draglines, electric mining shovels, and rotary blasthole drills used for surface mining.

It also supplies replacement parts and service for such machines. Shares are up $6.04 reaching a high of $48.77 on a volume of over 1 million in the early afternoon trading. Today's momentum came in as Bucyrus International, Inc. (NASDAQ: BUCY) announced that it has signed a definitive agreement to acquire DBT GmbH, a subsidiary of RAG Coal International. DBT is based in Lunen, Germany. Bucyrus will pay $710 million in cash and issue to RAG...