Deals
Joy Global Said to Be in Talks to Buy International Mining
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Joy Global Inc. is in talks to buy International Mining Machinery Holdings Ltd., a Chinese maker of coal-mining equipment, according to two people with knowledge of the matter.
A deal may be announced as soon as this week, said the people, who declined to be identified because the discussions are private. International Mining, controlled by private-equity firm Jordan Co., has a market value of HK$8.5 billion ($1.1 billion), based on its July 11 closing stock price. The shares were suspended from trading July 12 and yesterday.