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Oct16
JLG Industries Sold to Oshkosh for $3 Billion
Oshkosh Truck Corp. (OSK), a military and commercial vehicle maker, is buying JLG Industries Inc. (JLG) for $3 billion in cash.

JLG is the top provider of aerial platforms and booms in North America and Europe with $2.3 billion in revenues this fiscal year and sales are estimated to grow between 20 and 25 percent next year.

Oshkosh plans to finance the purchase with a $3.5 million line of credit from Bank of America Corp. (BAC), according to this NYTimes.com article.

Know More about business financing at BizCreditPolicy.com.

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« Disney Will No Longer Promote Junk Food | Main | Merck Gets Approval For New Diabetes Drug »

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