Joy Global Inc. is tempting potential acquirers with the chance to secure the world’s largest independent maker of underground mining equipment at the industry’s cheapest takeover valuation.
Joy Global Inc., which generated the biggest shareholder returns of any industrial company in America over the past three years, would now be worth about 50 percent more as a takeover target for Komatsu Ltd. or Volvo AB.
"While it is not possible to predict the timing or outcome of the SEC inquiry, we currently believe that this matter will not have a material adverse effect on the company's consolidated results of operation, financial position or liquidity."
- Joy Global on Nov 06, 2014
Gleacher’s Gabrielski on Joy Global, McDermott