South Milwaukee-based Bucyrus International Inc. announced today that its stockholders have approved the proposal to adopt the merger agreement providing for the acquisition of the company by Caterpillar Inc.
The affirmative vote of the holders of a majority of the outstanding shares of common stock of Bucyrus on the record date was required to approve the proposal to adopt the merger agreement.
According to the final tally of shares voted, more than 59.8 million shares of common stock of Bucyrus voted for the approval of the proposal to adopt the merger agreement, representing approximately 99.7 percent of the total shares voted in response to the proposal and approximately 73.8 percent of the outstanding shares of common stock of Bucyrus.
Bucyrus anticipates that the merger will be completed mid-2011.
Bucyrus shareholders approve sale to Caterpillar
Operand type clash: text is incompatible with int
advertisement
Sorry, the story you tried to comment on is not accepting comments.