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Monday, Jul 29
Caterpillar to buy back $1B in shares
- Caterpillar (CAT +1.3%) agrees to repurchase $1B in stock from Societe Generale (SCGLF.PK).
- Caterpillar expects to complete the buyback in September.
- The deal brings Caterpillar's total repurchases to $2B in 2013 after it announced a similar $1B buyback in April. That deal was completed in June. (PR)