Cases & Deals

Caterpillar contributes common stock valued at $650 million to its defined benefit pension plans

Clients Caterpillar Inc.

Jones Day advised Caterpillar Inc., one of the world's largest manufacturers of construction and mining equipment, in connection with a contribution of common stock valued at $650 million to its defined benefit pension plans. The transaction included the hiring of an independent fiduciary to manage the stock post-contribution.