Caterpillar Inc. said late Friday that it plans to delist its common stock from the Chicago Stock Exchange to streamline operations and eliminate redundancies that occur from dual listings. The withdrawal is expected to be completed within a month.
“Caterpillar does not believe that withdrawing its listing from the Chicago Stock Exchange Inc. will have any impact on the liquidity of its stock. The Chicago Stock Exchange will continue to trade Caterpillar common stock on an unlisted trading privilege basis,” said the heavy equipment company in a statement.
Its stock will continue to trade on the New York Stock Exchange.
