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Catapillar to purchase EMD

Discussion of Electro-Motive locomotive products and technology, past and present. Official web site can be found here: http://www.emdiesels.com/.

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Catapillar to purchase EMD

 #815482  by stvigi
 
Just saw this on thestreet.com

"PEORIA, Ill. (TheStreet) -- Caterpillar(CAT) agreed to acquire a locomotive manufacturer for $820 million in cash from a pair of private-equity investors as the world's largest heavy-equipment maker looks to beef up its railroad business."

Here is the link for the full story

http://www.thestreet.com/story/10770806 ... =obnetwork
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