jaw crusher,impact crusher,cone crusher,stone crusher

Mining machinery Crushing equipment:hammer crusher,compound crusher,toothed roller crusher,double roller crusher,Sand making machine,sand maker

« International Mining Machinery JV with Shanxi Coal TransportationHean Heavy 2011 the latest production bulletin »

Joy Becomes More Attractive Target

Joy Global Inc. may attract a buyer as it becomes the only equipment maker focused on mining machinery after its competitor Bucyrus International Inc. is acquired, according to Northcoast Research Partners LLC.

“Joy Global could potentially benefit as it becomes a more attractive acquisition target,” Brian Rayle, a Cleveland-based analyst for Northcoast who rates the shares a “buy,” said in a report today. “It is the only remaining mining equipment pure player left to acquire and has the largest product offering after Caterpillar/Bucyrus.”

Caterpillar Inc., the world’s largest maker of construction equipment, said Nov. 15 it agreed to acquire South Milwaukee, Wisconsin-based Bucyrus for $8.6 billion including debt.

Joy Global fell 41 cents to $88.46 at 4:30 p.m. in Nasdaq Stock Market trading, giving the Milwaukee-based maker of P&H and Joy equipment a market value of about $9.17 billion.

“Joy Global will continue to benefit long-term from increased commodity demand from emerging markets as developing countries improve their infrastructure and consume more raw materials,” Rayle said in the report.

Sandy McKenzie, a Joy Global spokeswoman, declined to comment when contacted by phone.


更多:Mining machinery,jaw crusher,Three Drum Dryer,hammer crusher


本文地址:http://www.floyou.cn/crushers/mining_machinery/More_Attractive_Target.html

  • 相关文章:

广告服务

Powered By jaw crusher

Copyright crusher>>Mining machinery>>impact crusherYour WebSite. Some Rights Reserved.