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News Breaks
May 16, 2013
19:01 EDTCATCaterpillar and Mining Machinery Limited announce settlement agreement
Caterpillar and Mining Machinery Limited announced that they have resolved all outstanding issues between them arising out of Caterpillar's acquisition of ERA, including its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Manufacturing Co. Caterpillar reached this agreement with two former directors of ERA, Emory Williams and John Lee, and two other parties with an interest in the settlement, Mining Machinery Limited and James Thompson III. As part of the resolution of outstanding issues between the parties, Caterpillar's total outstanding obligations of $164.5M to the MML Parties, which were part of Caterpillar's obligations relating to its acquisition of ERA, were reduced by $135M to $29.5M. In addition, Caterpillar and the MML Parties have mutually released all their claims relating to the acquisition of ERA.
News For CAT From The Last 14 Days
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December 19, 2014
06:36 EDTCATObama administration to ease many parts of Cuba embargo, NY Times says
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December 18, 2014
11:31 EDTCATCaterpillar sales trends suggest 'muted' 2015 outlook, says Wells Fargo
Wells Fargo says Caterpillar's November retail sales trends were weak with growth trends decelerating from October in all segments. Wells believes weakening demand trends suggest Caterpillar may provide "a muted" outlook for 2015, and the firm stays below consensus with its 2015 expectations. Wells has a Market Perform rating on Caterpillar.
09:47 EDTCATCaterpillar reports retail machines sales down 10% in three months end November
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December 16, 2014
09:59 EDTCATOn The Fly: Analyst Downgrade Summary
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08:53 EDTCATCaterpillar downgraded to Underperform from Neutral at Macquarie
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08:24 EDTCATCaterpillar downgraded to Underperform from Neutral at Macquarie

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