Bucyrus Announces Stockholder Approval of Merger Agreement
Thursday, 20 January 2011 22:13
Bucyrus announced today that its stockholders have approved the proposal to adopt the merger agreement providing for the acquisition of Bucyrus 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, 59,822,881 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 as of the close of business on December 22, 2010, the record date for this vote.
Bucyrus anticipates that the merger will be completed mid-2011.
