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Caterpillar Announces $1 Billion Accelerated Stock Repurchase Program

PR Newswire/Les Echos/ 
Caterpillar Announces $1 Billion Accelerated Stock Repurchase Program 
PEORIA, III., April 25, 2013 -- Caterpillar Inc. (NYSE: CAT) today announced it
has entered into a definitive agreement with Citibank, N.A. to purchase shares
of its common stock under an accelerated stock repurchase program. 
"The strength of our balance sheet coupled with our very strong cash flow
performance makes this an opportune time to take this important action to 
reward stockholders through not only dividends, but also by the resumption of 
our stock repurchase program," said Caterpillar Chairman and CEO Doug 
Oberhelman. "This $1 billion accelerated stock repurchase program also 
underscores our confidence in Caterpillar's long-term prospects for growth and 
affirms our commitment to deliver superior returns to stockholders through the 
cycles," said Oberhelman. 
Pursuant to the accelerated stock repurchase agreement, Caterpillar has agreed
to repurchase $1 billion of its common stock from Citi, with an immediate
delivery of approximately 11 million shares based on current market prices. The
final number of shares to be repurchased and the aggregate cost to Caterpillar
will be based on Caterpillar's volume-weighted average stock price during the
term of the transaction, which is expected to be completed in June of 2013. In
February 2007, the Board of Directors authorized the repurchase of $7.5 billion
of Caterpillar stock and in December 2011, the authorization was extended
through December 2015. Through the end of 2008, $3.8 billion of the 
$7.5 billion authorization was spent and no shares of stock have been 
repurchased since then. 
About Caterpillar:
For more than 85 years, Caterpillar Inc. has been making sustainable progress
possible and driving positive change on every continent. With 2012 sales and
revenues of $65.875 billion, Caterpillar is the world's leading manufacturer of
construction and mining equipment, diesel and natural gas engines, industrial
gas turbines and diesel-electric locomotives. The company also is a leading
services provider through Caterpillar Financial Services, Caterpillar
Remanufacturing Services and Progress Rail Services. More information is
available at: http://www.caterpillar.com. 
Forward-Looking Statements
Certain statements in this press release relate to future events and
expectations and are forwardlooking statements within the meaning of the 
Private Securities Litigation Reform Act of 1995. Words such as "believe," 
"estimate," "will be," "will," "would," "expect," "anticipate," "plan," 
"project," "intend," "could," "should" or other similar words or expressions 
often identify forward-looking statements. All statements other than statements
of historical fact are forward-looking statements, including, without 
limitation, statements regarding our outlook, projections, forecasts or trend 
descriptions. These statements do not guarantee future performance, and we do 
not undertake to update our forward-looking statements. 
Caterpillar's actual results may differ materially from those described or
implied in our forwardlooking statements based on a number of factors,
including, but not limited to: (i) global economic conditions and economic
conditions in the industries and markets we serve; (ii) government monetary or
fiscal policies and infrastructure spending; (iii) commodity or component price
increases, fluctuations in demand for our products, or limited availability of
raw materials and component products, including steel; (iv) our and our
customers', dealers' and suppliers' ability to access and manage liquidity; 
(v) political and economic risks and instability, including national or
international conflicts and civil unrest; (vi) our and Cat Financial's ability
to: maintain credit ratings, avoid material increases in borrowing costs, and
access capital markets; (vii) the financial condition and credit worthiness of
Cat Financial's customers; (viii) changes in interest rates or market 
liquidity; (ix) changes in financial services regulation; (x) inability to 
realize expected benefits from acquisitions, including ERA Mining Machinery 
Limited, and divestitures, including the divestiture of the Bucyrus 
International, Inc. distribution business to our independent dealers; 
(xi) international trade and investment policies; (xii) market acceptance of 
our products and services; (xiii) changes in the competitive environment, 
including market share, pricing and geographic and product mix of sales; 
(xiv) successful implementation of capacity expansion projects, cost reduction 
initiatives and efficiency or productivity initiatives, including the 
Caterpillar Production System; (xv) inventory management decisions and sourcing
practices of our dealers or original equipment manufacturers; (xvi) compliance 
with environmental laws and regulations; (xvii) alleged or actual violations of
trade or anti-corruption laws and regulations; (xviii) additional tax expense 
or exposure; (xix) currency fluctuations; (xx) our or Cat Financial's 
compliance with financial covenants; (xxi) increased pension plan funding 
obligations; (xxii) union disputes or other labor matters; (xxiii) significant 
legal proceedings, claims, lawsuits or investigations; (xxiv) compliance 
requirements imposed if carbon emissions legislation and/or regulations are 
adopted; (xxv) changes in accounting standards; (xxvi) failure or breach of 
information technology security; (xxvii) adverse effects of natural disasters; 
and (xxviii) other factors described in more detail under "Item 1 A. Risk 
Factors" in our Form 10-K filed with the SEC on February 19, 2013 for the year 
ended December 31, 2012. This filing is available on our website at 
www.caterpillar.com/secfilings.
 

SOURCE Caterpillar Inc. 
CONTACT: Jim Dugan, Global Government & Corporate Affairs, +1-309-494-4100, 
dugan_jim@cat.com 
                  
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-0- Apr/25/2013 13:21 GMT
 
 
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