Caterpillar Inc. (CAT) Settles China Deal With Cut In Purchase PriceMani
Caterpillar Inc. (NYSE:CAT) announced Thursday that it would pay $29.5 million to the sellers of Chinese equipment maker to resolve all outstanding issues.
This deal reached by the world’s largest maker of construction equipment is considerably less than the $164.5 million that it was contracted to pay to Emory Williams and James Thompson Jr., who controlled Siwei via a Hong Kong-listed entity, and two other parties.
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