Shares in Hong Kong-traded ERA Mining Machinery soared by 21% in Hong Kong on Friday after Caterpillar Inc. offered to buy the mining equipment manufacturer for up to $886 million, the latest sign of optimism about China's mining equipment market. ... Caterpillar Bid Lifts ERA Mining Shares By 21% In Latest HK Takeover
Friday, November 11, 2011
Caterpillar Bid Lifts ERA Mining Shares By 21% In Latest HK Takeover
Shares in Hong Kong-traded ERA Mining Machinery soared by 21% in Hong Kong on Friday after Caterpillar Inc. offered to buy the mining equipment manufacturer for up to $886 million, the latest sign of optimism about China's mining equipment market. ... Caterpillar Bid Lifts ERA Mining Shares By 21% In Latest HK Takeover
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