US-based construction and mining equipment giant Caterpillar Inc. has announced its plans to withdraw the listing of its common stock from the Chicago Stock Exchange. Caterpillar’s common stock will continue to be listed on the New York Stock Exchange.
According to a company release, Caterpillar has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent with dual listings. The withdrawal is expected to be effective within the next month.
Caterpillar said that it does not believe that withdrawing its listing from the Chicago Stock Exchange 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.