ADVFN - Advanced Financial Network.
HOME» NYSE » C » CAT Stock Price » CAT Stock News

Caterpillar Share News

 Caterpillar Inc. Stock Price
CAT Stock Price
 Caterpillar Inc. Stock Chart
CAT Stock Chart
 Caterpillar Inc. Stock News
CAT Stock News
 Caterpillar Inc. Company Information
CAT Company Information
 Caterpillar Inc. Stock Trades
CAT Stock Trades

Caterpillar To Sell Majority Stake In 3rd-Party Logistics Operations For $750 Million

DOW JONES NEWSWIRES Caterpillar Inc. (CAT) plans to sell a majority stake in its third-party logistics division to private equity firm Platinum Equity for roughly $750 million. Under the agreement, Caterpillar will retain a 35% stake in the business. Further financial details weren't disclosed. Caterpillar Group President Stu Levenick said the planned sale reflects the company's aims to focus on its core businesses. The deal is expected to close in the third quarter. The world's biggest maker of bulldozers, excavators and other earth-moving machinery last month reported its first-quarter earnings rose 29% as improved sales of construction machinery in the U.S. and global demand for mining equipment offset weaker sales in China, Brazil and Europe. The company also raised its forecast for the year, although some investors expected a bigger increase and fretted that a wobbly global economy will leave Caterpillar with too much inventory and production capacity. Shares were recently up 1.2% to $97.15 in premarket trade. The stock is up 6% since the start of the year. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Caterpillar (CAT)
DateTimeHeadline
04/28/201622:41:00Correction to Caterpillar to Close Plants Story
04/28/201621:30:00Caterpillar to Close Five Plants, Shed 820 Jobs
04/28/201621:00:00Caterpillar to Close Five Plants, Shed 820 Jobs
04/28/201616:02:48Statement of Changes in Beneficial Ownership (4)
04/28/201615:53:05Statement of Changes in Beneficial Ownership (4)
04/26/201616:47:36Statement of Changes in Beneficial Ownership (4)
04/26/201603:04:00Caterpillar Chief's Pay Rises -- WSJ
04/25/201611:39:00Caterpillar CEO's 2015 Pay Package Reached $17.9 Million -- Update
04/25/201610:00:00Caterpillar CEO's 2015 Pay Package Reached $17.9 Million
04/25/201609:51:00Caterpillar CEO's 2015 Pay Package Reached $17.9 Million
04/25/201608:03:25Additional Proxy Soliciting Materials (definitive) (defa14a)
04/25/201608:02:57Proxy Statement (definitive) (def 14a)
04/23/201603:03:00Caterpillar Pares Outlook -- WSJ
04/22/201617:23:00Caterpillar Pares Guidance Amid Sluggish Demand -- 2nd Update
04/22/201617:22:00Correction to "Caterpillar Pares Guidance Amid Sluggish Demand"
04/22/201612:02:00Caterpillar Pares Guidance Amid Sluggish Demand -- Update
04/22/201609:59:00U.S. Hot Stocks: Hot Stocks to Watch
04/22/201608:40:00Caterpillar Pares Guidance Amid Sluggish Demand
04/22/201608:38:00Caterpillar Pares Its Guidance Amid Sluggish Demand
04/22/201607:46:37Current Report Filing (8-k)

Caterpillar and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad