Caterpillar to increase stake in Japanese manufacturer

03/6/2008 | Reuters

After more than 40 years in a joint venture with Mitsubishi Heavy Industries in Japan, Caterpillar Inc. will spend $580 million to acquire a majority interest in the company known as Shin Caterpillar Mitsubishi. The new investment will make Caterpillar a two-thirds owner of the Japanese construction equipment manufacturer.

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