Shares in Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, were down as much as 5% Thursday around noon after it became public that officials were executing a search warrant at three of the companies’ facilities in the Tri-County Area, including the corporate headquarters.
Company officials confirmed the presence in a statement without specifying which agency was performing the search or what they were looking for. A spokeswoman declined by email to provide further details.
"Caterpillar is cooperating," the brief statement quoted by Sun Times said.
The stock was down 4.95% to $93.69 at 12:34pm ET.
More to come…
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