By Stephen Nakrosis

Caterpillar on Monday said it will voluntarily delist its shares from the Euronext Paris exchange, adding it expects the company's shares to stop trading on the exchange May 27 and the delisting to be completed May 28.

Holders of Caterpillar shares traded on Euronext Paris will have the choice of holding the shares or of selling them in a voluntary sales facility on the New York Stock Exchange, the maker of construction equipment and heavy machinery said. Société Générale will act as the centralizing agent for the sales facility, Caterpillar said.

Also on Monday, the company said it plans to apply to delist its shares from the SIX Swiss Exchange, adding its expects the delisting will be effective prior to the end of this year.

The decision to delist follows a "comprehensive review" of the low trading volume, costs and administrative requirements related to the listing shares on exchanges other than the NYSE, Caterpillar said.

Caterpillar shares will continue to trade on the NYSE.

Write to Stephen Nakrosis at

(END) Dow Jones Newswires

04-29-24 1740ET