Caterpillar Inc completes $7.5 bln repurchase authorization with $1.7 bln accelerated stock repurchase transaction

Thursday, 30 Jan 2014 09:00am EST 

Caterpillar Inc:Says it has entered into a definitive agreement with Citibank, N.A. to purchase about $1.7 bln of its common stock under an accelerated stock repurchase transaction.Says the repurchase is in addition to the $2 bln of stock repurchased in 2013.Says pursuant to the agreement, Caterpillar expects immediate delivery of about 18 mln shares based on current market prices. 

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29 Aug 2014