We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Caterpillar Inc | NYSE:CAT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.00 | 0.28% | 364.25 | 368.17 | 362.00 | 363.95 | 666,288 | 15:49:27 |
From Apr 2019 to Apr 2024
By Jaime Llinares Taboada
Weir Group PLC said Monday that it has agreed to sell its oil-and-gas business to Caterpillar Inc. for $405 million.
The FTSE 250 engineering company said the deal follows its strategy of becoming a pure mining technology company. The proceeds will be used to reduce leverage.
"Alongside the previous sale of the flow control division and the acquisition of ESCO, it is a major milestone in transforming the group into a focused, premium mining technology business," Chief Executive Jon Stanton said.
Weir's oil-and-gas business contributed an adjusted operating profit of 36.4 million pounds ($47.1 million) in 2019, and an adjusted operating loss of GBP4.4 million in the first half of 2020.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
October 05, 2020 02:34 ET (06:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Caterpillar Chart |
1 Month Caterpillar Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
