- Current report filing (8-K)
October 25 2011 - 9:26AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
October 24, 2011
Joy Global Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware
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001-09299
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39-1566457
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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100 E. Wisconsin Avenue, Suite 2780,
Milwaukee, WI 53202
(Address of Principal Executive Offices)
Registrant’s telephone number, including area code:
414-319-8500
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Solicitation material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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On October 24, 2011, Joy Global Inc. (the “Company”) completed the sale of the drilling products business of its wholly owned subsidiary, LeTourneau Technologies, Inc., to Cameron International Corporation for $375 million in cash,
subject to certain post-closing adjustments. The Company intends to use the net proceeds from the divestiture to fund in part the previously disclosed purchase of approximately 41.1% of the outstanding common stock of International Mining Machinery Holdings Limited and the related tender offer, with any remaining proceeds to be used for general corporate purposes.
A news release dated October 24, 2011 announcing the closing of the divestiture is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
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News Release, dated October 24, 2011
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the Undersigned hereunto duly authorized.
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JOY GLOBAL INC.
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Date: October 25, 2011
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By:
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/s/ Ricky T. Dillon
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Ricky T. Dillon
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Vice President, Controller and
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Chief Accounting Officer
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