{"id":7968,"date":"2016-10-26T14:15:53","date_gmt":"2016-10-26T14:15:53","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=7968"},"modified":"2016-10-26T14:15:53","modified_gmt":"2016-10-26T14:15:53","slug":"joy-global-shareholders-approve-company-sale","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/joy-global-shareholders-approve-company-sale\/","title":{"rendered":"Joy Global shareholders approve company sale"},"content":{"rendered":"<h2 class=\"lead-in\">In the previously announced deal, Joy Global stockholders will receive $28.30 per share in cash for each outstanding share of common stock held at the time of the closing of the transaction.<\/h2>\n<p>Joy Global Inc. says its shareholders have voted to approve the pending acquisition of the company by Komatsu America Corp. for $3.7 billion.<\/p>\n<p class=\"\">In the previously announced deal, Milwaukee-based Joy Global stockholders will receive $28.30 per share in cash for each outstanding share of common stock held at the time of the closing of the transaction.<\/p>\n<p class=\"\">The completion of the transaction remains subject to certain other closing conditions, including obtaining necessary regulatory clearances under competition laws in relevant countries.<\/p>\n<p class=\"\">The two companies\u00a0have received the necessary clearances in the United States and Canada, and Joy Global says the transaction is on track to close by the middle of next year.<\/p>\n<p class=\"\">\u201cStockholder approval represents a key milestone on the path to completing the transaction,\u201d Joy Global president and chief executive officer Ted Doheny said in a statement.<\/p>\n<p class=\"\">Joy Global, one of the world&#8217;s largest independent mining equipment manufacturers, has long been viewed as a potential target for Komatsu, a Japanese manufacturer of off-highway trucks and large excavators.<\/p>\n<p class=\"\">Komatsu said it intends to operate Joy Global as a separate subsidiary and retain the Joy Global brand names.<\/p>\n<p class=\"\"><a href=\"http:\/\/www.jsonline.com\/staff\/10051270\/rick-barrett\/\" rel=\"author\"><img loading=\"lazy\" class=\"asset-metabar-avatar\" src=\"http:\/\/www.gannett-cdn.com\/-mm-\/835842abd4944c4758d71304e01305dcac821cd4\/c=0-3-494-497&amp;r=1024x1024&amp;r=26&amp;c=26x26\/local\/-\/media\/2016\/07\/30\/WIGroup\/Milwaukee\/636055069509917915-rick-barrett.jpg\" alt=\"\" width=\"26\" height=\"26\" \/> Rick Barrett <\/a>, <a href=\"http:\/\/www.jsonline.com\/story\/money\/business\/2016\/10\/19\/joy-global-shareholders-approve-company-sale\/92403670\/\" target=\"_blank\" rel=\"noopener noreferrer\">Milwaukee Journal Sentinel<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the previously announced deal, Joy Global stockholders will receive $28.30 per share in cash for each outstanding share of common stock held at the time of the closing of the transaction. Joy Global Inc. says its shareholders have voted to approve the pending acquisition of the company by Komatsu America Corp. for $3.7 billion. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,8,9],"tags":[790,825],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Joy Global shareholders approve company sale - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/joy-global-shareholders-approve-company-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joy Global shareholders approve company sale - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"In the previously announced deal, Joy Global stockholders will receive $28.30 per share in cash for each outstanding share of common stock held at the time of the closing of the transaction. Joy Global Inc. says its shareholders have voted to approve the pending acquisition of the company by Komatsu America Corp. for $3.7 billion. 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