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Caterpillar stock tumbles as feds execute search warrant

NEW YORK (CNNMoney) -- Caterpillar stock tumbled Thursday after federal prosecutors entered several of the company's facilities with a search warrant.

The U.S. Attorney's Office for the Central District of Illinois told CNNMoney that there was law enforcement activity carried out at Caterpillar facilities across three cities in Illinois.

Caterpillar said in a statement Thursday that "law enforcement is present in various Peoria-area Caterpillar facilities executing a search warrant.

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