Terex Sues Bucyrus Over End Steps in Mining-Unit Sale

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Nov. 1 (Bloomberg) — Terex Corp., a U.S. heavy equipment manufacturer, accused Bucyrus International Inc. in a lawsuit of abusing post-closing adjustments to cut the $1.3 billion purchase price of a Terex mining business.

Terex sold the mining business to South Milwaukee, Wisconsin-based Bucyrus in February in exchange for $1 billion in cash and 5.8 million shares of stock.

Source: http://www.businessweek.com/news/2010-11-01/terex-sues-bucyrus-over-end-steps-in-mining-unit-sale.html

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