Brocker.Org: Inspite of raid by feds, Caterpillar standing may arise unscathed, specialists say – Chicago Tribune


A working day right after federal authorities raided Caterpillar’s headquarters, stunning executives, brokers were being concluding an on-web site investigation Friday, and the weighty machine-maker’s share selling price hadn’t fully recovered.

Nevertheless, specialists say the Caterpillar model will probably arise mainly unscathed.

Authorities from three agencies, which include the Interior Earnings Company, descended on three of the Peoria-based mostly firm’s amenities Thursday morning to acquire information tied to a parts subsidiary based mostly in Switzerland and other documents.

That subsidiary has drawn scrutiny for eight yrs, sparking a whistleblower match, a Senate investigation, shareholder lawsuits, and billions of bucks in proposed taxes and penalties that Caterpillar continues to fight. But apart from snagging countrywide headlines and creating a slight dip in its share selling price, the raid appears to have experienced minimal rapid effect on the firm’s standing.