Could this be the start of consolidation in the mining equipment industry?

Those savvy investors who went long JOY GLOBAL INC (NYSE: JOY) at the end of last year when the stock closed at around $12.60 are now looking at a sweet gain of more than 100% after Japanese industrial equipment giant KOMATSU revealed it is buying JOY for $28.30 per share in an all cash deal:


I thought the below Bloomberg Gadfly article on the deal to be quite thought provoking as well:


What do you think of the proposed deal?




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