Categories: Base Metals / Energy / General Market Commentary / Precious Metals
Topics: General Base Metals / General Energy / General Market Commentary / General Precious Metals

CAT shares hammered as feds search offices

CAT shares hammered as feds search offices

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 the search was in regard to. A spokeswoman declined by email to provide further details.

"Caterpillar is cooperating," the brief statement quoted by Sun Times said.

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