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China Approval Of Caterpillar Purchase Of Bucyrus

NEW YORK (AP) — Caterpillar Inc., the world's largest construction and mining equipment maker, said Monday it has agreed to buy Bucyrus International Inc. for $7.6 billion, aiming its sights on rapid growth in emerging markets. Bucyrus, which is based in South Milwaukee, Wis., makes surface mining equipment used for mining coal, copper, iron ore, oil sands and other minerals.

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