Caterpillar Agrees to Acquire Weir Oil & Gas: What it Means for Investors
Caterpillar (NYSE: CAT) has signed an agreement to acquire Weir Group's (LSE: WEIR) oil and natural gas division, Weir Oil & Gas, for $405 million in cash. Pending shareholder and regulatory approval, the deal is expected to close by the end of 2020.
Here's what the deal means for Weir and Caterpillar, and whether investors should consider buying shares of Caterpillar, which are now trading at a 52-week high.
Image Source: Caterpillar Inc.
Source Fool.com
