Caterpillar Looking To Consolidate Equipment Market With Joy Global Acquisition?

According to The Fly On The Wall, a rumour is abound that Joy Global (JOYG), a Milwaukee-based manufacturer and servicer of mining equipment, could be purchased by construction giant Caterpillar (CAT).

Shares of Joy Global are currently up $0.30 on the news. Below, a YTD chart of both CAT and JOYG.

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