For over a year, investors have been buzzing over the idea that Japanese heavy machinery giant Komatsu (KMTUY.PK) would be interested in acquiring mining equipment manufacturer Joy Global (JOY) and basically matching Caterpillar's (CAT)
move to into mining equipment. While the combination would make a
certain amount of sense, Komatsu would seem to have laid the rumors to
rest in an interview with Bloomberg.
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Komatsu Confirms The Smoke, But Declines To Fire
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