Caterpillar to buy back $1B in shares

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

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)