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Caterpillar Inc expects $1.7 bln of stock repurchase and announces authorization for new $10 bln stock repurchase program

Monday, 27 Jan 2014 07:30am EST 

Caterpillar Inc:Says its intention to repurchase about $1.7 bln of Caterpillar common stock during the Q1 2014.Says this repurchase is expected to complete existing $7.5 bln repurchase authorization that was set to expire on Dec. 31, 2015, which was originally approved by the Board of Directors in 2007.Says this repurchase is in addition to $2 bln that was repurchased in 2013.Says with the expected completion of the current $7.5 bln stock repurchase program, the Board of Directors has approved a new $10 bln stock repurchase program, which will expire on Dec. 31, 2018. 

Company Quote

-0.66 -0.85%
4 Aug 2015