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.
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat.