Cummins launches exchange offer for separation of …

Cummins Announces Plans for Full Separation of Atmus Filtration ...Cummins Announces Final Results of Exchange Offer and Finalizes ...On-Highway Service | Cummins Inc.

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Retail Investors Could Make $2,000 On Cummins Exchange Offer

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Cummins shares were up 1.8% to $271.02 Friday, while Atmus was down 2.2% to $23.60. The S&P 500 was down 0.5%. The offer is expected to be oversubscribed, resulting in a proration, …

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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, …

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Cummins Launches Exchange Offer For Shares Of Former Filtration ...

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Feb 14, 2024 · The planned exchange offer is expected to give Cummins shareholders the option to exchange all or a portion of their Cummins shares for Atmus shares at a 7% discount, …

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Odd-Lot Cummins Holders Stand To Make $4,000 From Atmus …

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Cummins stock was down 0.8% Wednesday at $267.65, while Atmus, a maker of filters for trucks and heavy equipment, was up 4.2% to $26.45. The gain so far this week is about 10%.

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Military Discount Benefit - Cummins

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Cummins acknowledges and values the sacrifices made by our active, retired, and veteran military personnel and first responders. To say “thank you”, we offer a 10% discount on eligible …

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Deals - Shop Cummins

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Cummins Compressor Air Inlet Tube. Part # 3955464. Save (38%) $110.96. $178.97. Add to cart. Current Promotions. Save to My Garage. ... Enjoy the latest deals, offers, promotions and …

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FAQs about Cummins launches exchange offer for separation of … 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 an upper limit of 13.3965 shares of Atmus common stock for each share of Cummins common stock tendered and accepted in the exchange offer. ...

Will Cummins offer a 7% discount on ATMUS shares?

The planned exchange offer is expected to give Cummins shareholders the option to exchange all or a portion of their Cummins shares for Atmus shares at a 7% discount, Cummins said. The Columbus-based company is seeking to fully split off its remaining interest in Atmus. ...

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. ...

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. ...

Does Cummins own ATMUS?

In May 2023, Atmus completed its initial public offering where 19.5%, or 16,243,070 shares, of Atmus’ common stock was sold, with Cummins retaining the remaining 80.5% of Atmus’ common stock. ...

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. ...