Doosan Infracore's $4.9bn takeover of Bobcat of the US, announced last week, is a landmark deal because it is the largest acquisition of a foreign target in Korean corporate history.
But it is significant for a second reason. Unusually, Doosan said it would hold on to the management teams at Bobcat and the other two units it was buying from Ingersoll-Rand, the US conglomerate.
