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May 07, 2015 6:22 AM ET

Machinery

Company Overview of Caterpillar Global Mining LLC

Company Overview

Bucyrus International Inc. designs, manufactures, and markets draglines, electric mining shovels, and rotary blast-hole drills employed in surface mining, as well as providing aftermarket replacement parts and services for its machines. The company’s equipment is used for mining copper, thermal coal, metallurgical coal, oil sands, iron ore, molybdenum, phosphate, bauxite, gold, diamonds, and uranium. It also offers engineered replacement parts, maintenance and repair labor, technical advice, refurbishment and relocation of machines, structural and mechanical engineering, nondestructive testing, and repairs and rebuilds of machine components, among other things. The company, based in South Mi...

1100 Milwaukee Avenue

South Milwaukee, WI 53172

United States

Founded in 1880

9,800 Employees

Phone:

414-768-4000

Fax:

414-768-4000

Key Executives for Caterpillar Global Mining LLC

Vice President of Operations
President of Sales & Support and Director
Age: 61
Senior Vice President of Aftermarket and Distribution
Vice President of Europe, Russia and Indian Operations
Director Mine Development and Operation
Compensation as of Fiscal Year 2014.

Caterpillar Global Mining LLC Key Developments

Investors in Bucyrus International Inc. Sues Bucyrus, Caterpillar Inc

Investors in Bucyrus International Inc. sued Bucyrus, Caterpillar Inc. and certain officers and directors of both companies, alleging breach of fiduciary duty and violation of the Securities and Exchange Act of 1934. The complaint alleged the defendants made misrepresentations concerning a merger between Bucyrus and a wholly-owned subsidiary of Caterpillar. The defendants moved to dismiss the complaint. The court held the plaintiffs breach of fiduciary duty claim was inadequately supported. To the extent the complaint asserted a violation of the directors duty of disclosure that was made in good faith, those claims were subject to dismissal under the exculpatory provision in the certificate of incorporation. As to the individual defendants, the court found the complaint failed to adequately allege self-interest or control by others, as required to support a breach of the duty of loyalty and good faith claim under applicable Delaware law. The allegations that the merger allowed senior management and the board to secure 'material insider benefits', such as 'golden parachutes', were not accompanied by specifics as to who on the board or in management received such benefits or even what such benefits were. Moreover, the complaint did not even hint that any director had a tie or was influenced by Caterpillar.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 23, 2015
Caterpillar Global Mining LLC, Conveyor Systems Product Group
Merger/Acquisition
September 2, 2014
Caterpillar Global Mining LLC, Cat Mining Equipment Distribution and Support Business
Merger/Acquisition
May 22, 2014
Caterpillar Global Mining LLC, Cat Mining Equipment Distribution and Support Business
 

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