Avondale Partners Downgrades Joy Global (JOY) to Market Perform
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/29/2026
- Stocks fall as higher oil prices, Treasury yields weigh
- S&P 500 breadth hits lowest level since dot-com bubble, Goldman says
- Nvidia’s AI dominance funds historic $150 billion buyback
- MongoDB stock drops 15% as CEO Desai resigns for Meta
- Jefferies cuts Roblox to Underperform, says rally is too optimistic
Joy Global Announces Agreement to Be Acquired by Komatsu in $3.7 Billion All-Cash Transaction
July 21, 2016 3:40 AM EDTMILWAUKEE--(BUSINESS WIRE)-- Joy Global Inc. (NYSE: JOY) (Joy Global), a worldwide leader in high-productivity mining solutions, today announced that its Board of Directors has unanimously approved a definitive merger agreement under which Komatsu America Corp., a subsidiary of Komatsu Ltd. (TYO: 6301) (Komatsu), will acquire Joy Global in a transaction valued at approximately $3.7 billion, including Joy Globals outstanding indebtedness. Under the terms of the agreement, Joy Global stockholders will receive $28.30 per share in cash for each outstanding share of common stock held, representing a 48% premium to the volume weighted average closing price of... More
