Tuesday, January 3, 2012

JOY Completes Acquisition

Joy Global Inc. announced that it has completed the acquisition or approximately 41.1% of the outstanding common stock of International Mining Machinery Holding LTD.IMM is the leading designer and manufacturer of underground mining equipment in China.  This transaction was announced in July, and will involve the purchase of 534.8 million shares of IMM. In addition to this purchase, Joy Global now owns approximately 69.2& of IMM’s outstanding common stock.


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