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JOY > SEC Filings for JOY > Form 8-K on 14-Apr-2014All Recent SEC Filings

Show all filings for JOY GLOBAL INC

Form 8-K for JOY GLOBAL INC


14-Apr-2014

Other Events


Item 8.01 Other Events

On April 11, 2014, Joy Global Inc. ("the Company") issued a press release announcing that it had agreed to purchase certain assets of Mining Technologies International, Inc. ("MTI") for $51.0 million Canadian dollars. MTI is a Canadian manufacturer of underground hard rock mining equipment serving the North American markets and a world leading supplier of raise bore drilling consumables. The Company is acquiring substantially all of the assets associated with MTI's hard rock drilling, loaders, dump trucks, shaft sinking, and raise bore product lines. Completion of the transaction is subject to customary closing conditions and is expected to occur within 90 days. A copy of the press release is filed herewith as Exhibit 99.1.

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