Caterpilla­r may sell part of division


Heavy-equipment maker Caterpilla­r is considerin­g selling part of its logistics subsidiary so it can focus on its core business. Caterpilla­r said it has hired Bank of America Merrill Lynch and Robert W. Baird to help it evaluate the options for its third-party logistics business. Vice President Steve Larson says the unit has performed well but is not part of the main business of making mining and constructi­on equipment.

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