Cummins begins exchange offer to offload entire holdings in …

The exchange offer is expected to permit Cummins shareholders to exchange all or a portion of their shares of Cummins common stock for shares of Atmus common stock at a 7% discount, subject to ...

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Cummins Begins Exchange Offer To Offload Entire Holdings In …

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The exchange offer is expected to permit Cummins shareholders to exchange all or a portion of their shares of Cummins common stock for shares of Atmus common stock at a 7% discount, subject to ...

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Cummins & Atmus Filtration Odd Lot Tender Opportunity (Final …

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Mar 19, 2024 · Cummins still owns about 80% of ATMU and are trying to complete the split-off via an exchange offer to CMI shareholders: tender $100 of CMI and receive $107.53 of ATMU in …

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Atmus Filtration Technologies Inc. (ATMU) Latest Stock News

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Dec 24, 2024 · Cummins begins exchange offer to offload entire holdings in Atmus Filtration SA News Wed, Feb. 14 11 Comments Atmus Filtration Non-GAAP EPS of $0.49 beats by $0.05, …

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FAQs about Cummins begins exchange offer to offload entire holdings in … Coupon?

What is a Cummins exchange offer?

The exchange offer is expected to permit Cummins shareholders to exchange all or a portion of their shares of Cummins common stock for shares of Atmus common stock at a 7% discount, subject to certain conditions. ...

Does Cummins have a split-off exchange offer?

Cummins ( NYSE: CMI) announced the final exchange ratio for its split-off exchange offer to Cummins shareholders to exchange their shares of Cummins for shares of Atmus Filtration Technologies ( ATMU) currently held by Cummins. ...

What happens if a Cummins exchange offer is not fully subscribed?

If the exchange offer is consummated but not fully subscribed, Cummins intends to make a tax-free distribution to its shareholders of the shares of Atmus common stock that were offered but not exchanged, subject to certain conditions. ...

How many shares will Cummins accept for exchange?

Based on the final exchange ratio, Cummins currently expects to accept for exchange approximately 5,574,051 shares of Cummins common stock if the exchange offer is fully subscribed. ...

How many shares does Cummins own?

Cummins currently owns 67,054,726 shares of Atmus common stock, representing about 80.5% of the total outstanding shares of Atmus common stock, and is offering all Atmus stock in the exchange offer. ...

When did the Cummins stock exchange offer expire?

The exchange offer expired at 12:00 midnight, New York City time, at the end of the day on March 13, 2024. Pursuant to the exchange offer, Cummins has accepted 5,574,051 shares of Cummins common stock in exchange for 67,054,719 shares of Atmus common stock. ...