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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.
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April 23, 2014
10:51 EDTCATCaterpillar trends may be better than retail sales suggest, says Wells Fargo
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10:44 EDTCATCaterpillar retail sales of machines for 3 months end March down 12%
Caterpillar disclosed in a regulatory filing earlier that its total retail sales of machines for the 3-month rolling period ended March were down 12%, which was down from an 8% decline reported for the 3-month period ended in February. In the March rolling period, retail machine sales were down 20% in Asia/Pacific, down 21% in EAME, down 21% in Latin America and up 6% in North America. Total Energy & Transportation retail sales for the March end rolling period were up 7%.
April 22, 2014
12:24 EDTCATBofA/Merrill industrial machinery analysts hold analyst/industry conference call
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April 20, 2014
16:53 EDTCATCaterpillar looks to halt production at facility in France, WSJ says
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April 9, 2014
09:33 EDTCATBofA/Merrill's industrial/mining analysts hold analyst/industry conference call
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