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Strategies & Market Trends : Speculating in Takeover Targets
CTG 10.480.0%3:58 PM EST

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To: richardred who wrote (5352)10/5/2020 9:47:53 AM
From: richardred   of 6848
* Weir Group Plc (WEIGF) said on Monday it had agreed to sell its oil and gas division to U.S. heavy equipment maker Caterpillar Inc (CAT) for $405 million in cash, as the engineering company focuses on its mining business.

Maybe a sign others in the group might join CAT?
I haven't seen CAT make a acquisition in a long time. The multi bullion dollar Bucyrus-Erie acquisition was a disaster. The ignored infrastructure group is moving today.
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