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
10/24/201410:08:32MARKET SNAPSHOT: U.S. Stocks Edge Up, On Pace For Big Weekly...
10/24/201408:32:34MARKET SNAPSHOT: U.S. Stocks: Futures Fall After N.Y.C. Ebola...
10/24/201407:03:51MARKET SNAPSHOT: U.S. Stocks: Futures Slips After NY Ebola News;...
10/24/201405:52:20MARKET SNAPSHOT: U.S. Stocks: Futures Slip; P&G, Ford Results...
10/23/201416:50:48MARKET SNAPSHOT: Dow Rises 217 Points As U.S. Stocks Notch Solid...
10/23/201415:45:11MARKET SNAPSHOT: U.S. Stocks Surge; Industrials Rally
10/23/201410:16:18MARKET SNAPSHOT: U.S. Stocks Surge; Dow Rises 200 Points
10/23/201409:49:25U.S. Hot Stocks: Hot Stocks to Watch
10/23/201409:28:49MARKET SNAPSHOT: U.S. Stocks: Futures Rise; Tractor Supply Surges...
10/23/201408:32:23MARKET SNAPSHOT: U.S. Stocks: Futures Climb As Caterpillar Results...
10/23/201406:02:40MARKET SNAPSHOT: U.S. Stocks: Futures Climb; 3M, GM Results On...
10/22/201413:11:10Caterpillar's Inventories Will Be Under Spotlight -- Earnings...
10/19/201405:47:20MARKET SNAPSHOT: More Than 1/3 of Dow Stocks To Report This Week
10/09/201417:47:09MARKET SNAPSHOT: Dow Suffers Worst Selloff In More Than A Year
09/22/201417:07:14U.S. Stocks Weighed Down by China
09/22/201404:31:11Seeing Machines Signs Strategic Agreement With Caterpillar Unit
07/24/201416:25:29MARKET SNAPSHOT: S&P 500 Ekes Out A Record, But Dow Industrials...
07/24/201412:10:53MARKET SNAPSHOT: U.S. Stocks Edge Higher; Earnings In Focus
07/24/201410:42:14MARKET SNAPSHOT: U.S. Stocks Pare Gains; Home Sales Disappoint
07/24/201410:26:15U.S. Stocks Rise on Data, Earnings

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad