Mario Gabelli Comments on Joy Global Inc.

- By Holly LaFon

Joy Global Inc. (1.1%) (JOY - $28.00 - NYSE) (JOY) is a mining equipment company based in Milwaukee, Wisconsin. Joy Global manufactures mining equipment for the extraction of metals and minerals and also provides clients with the servicing of this machinery. On July 21, 2016, Komatsu entered into a $28.30 cash per share merger with Joy, valued at $2.8 billion. Shareholders already approved the deal and regulatory approvals are pending in various jurisdictions. The deal is expected to close in mid-2017.

• Warning! GuruFocus has detected 5 Warning Signs with JOY. Click here to check it out.
• JOY 15-Year Financial Data
• The intrinsic value of JOY
• Peter Lynch Chart of JOY

From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.
This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 5 Warning Signs with JOY. Click here to check it out.
• JOY 15-Year Financial Data
• The intrinsic value of JOY
• Peter Lynch Chart of JOY