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Cummins Inc (CMI) Common Stock USD2.50

Sell:$294.41 Buy:$294.42 Change: $0.45 (0.15%)
Market closed |  Prices as at close on 28 March 2024 | Switch to live prices |
Miscellaneous

Cummins Inc Common Stock USD2.50

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 6 Mar 2024)

Cummins Inc plans to offer some of its shares in Atmus Filtration Technologies Inc to shareholders via an exchange offer. You have the option to receive up to approximately USD107.53 worth of Atmus Filtration Technologies Inc shares for every USD100 worth of Cummins Inc shares held.

 

If you don’t want to exchange your shares, you don’t need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the exchange offer:

 

•  If you choose to exchange your shares, it is expected that you’ll receive approximately USD107.53 worth of Atmus Filtration Technologies Inc shares for each USD100 worth of Cummins Inc shares exchanged. However the ratio of Atmus Filtration Technologies Inc shares is subject to an upper limit of 13.3965 Atmus Filtration Technologies Inc shares per Cummins Inc share exchanged, so the cash ratio mentioned above is not guaranteed.
•  The value of the two stocks for the purpose of the exchange offer will be determined by reference to the average of the daily volume-weighted average prices (VWAP) of the stocks on the New York Stock Exchange during the three consecutive trading days ending on and including the second trading day preceding the expiration date of the Exchange offer.
•  You can elect to exchange all or some of your Cummins Inc shares for Atmus Filtration Technologies Inc shares. However, depending on the total number of elections, you may not be able to exchange all of the shares you ask to exchange. Any shares not successfully exchanged will be returned to your account upon receipt.
•  Shareholders holding 99 shares or less who exchange their entire holding will receive priority under the offer.

•  The exchange offer is expected to be tax-free for U.S. Federal income tax purposes.
•  If the exchange offer is not fully subscribed, Cummins Inc intends to make a distribution of the remaining Atmus Filtration Technologies Inc shares not exchanged in the offer to shareholders. If this happens, the distribution will be effected as a dividend and will be paid on a pro rata basis to Cummins Inc shareholders on a date yet to be announced.

 

Exchange your shares – Act by noon on Friday 8 March 2024


Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by post or secure message. Please note that any instruction you give must be based on the full details provided in the correspondence and not on the summary information outlined above.

×
Sell:$294.41
Buy:$294.42
Change: $0.45 (0.15%)
Market closed |  Prices as at close on 28 March 2024 | Switch to live prices |
Miscellaneous

Cummins Inc Common Stock USD2.50

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 6 Mar 2024)

Cummins Inc plans to offer some of its shares in Atmus Filtration Technologies Inc to shareholders via an exchange offer. You have the option to receive up to approximately USD107.53 worth of Atmus Filtration Technologies Inc shares for every USD100 worth of Cummins Inc shares held.

 

If you don’t want to exchange your shares, you don’t need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the exchange offer:

 

•  If you choose to exchange your shares, it is expected that you’ll receive approximately USD107.53 worth of Atmus Filtration Technologies Inc shares for each USD100 worth of Cummins Inc shares exchanged. However the ratio of Atmus Filtration Technologies Inc shares is subject to an upper limit of 13.3965 Atmus Filtration Technologies Inc shares per Cummins Inc share exchanged, so the cash ratio mentioned above is not guaranteed.
•  The value of the two stocks for the purpose of the exchange offer will be determined by reference to the average of the daily volume-weighted average prices (VWAP) of the stocks on the New York Stock Exchange during the three consecutive trading days ending on and including the second trading day preceding the expiration date of the Exchange offer.
•  You can elect to exchange all or some of your Cummins Inc shares for Atmus Filtration Technologies Inc shares. However, depending on the total number of elections, you may not be able to exchange all of the shares you ask to exchange. Any shares not successfully exchanged will be returned to your account upon receipt.
•  Shareholders holding 99 shares or less who exchange their entire holding will receive priority under the offer.

•  The exchange offer is expected to be tax-free for U.S. Federal income tax purposes.
•  If the exchange offer is not fully subscribed, Cummins Inc intends to make a distribution of the remaining Atmus Filtration Technologies Inc shares not exchanged in the offer to shareholders. If this happens, the distribution will be effected as a dividend and will be paid on a pro rata basis to Cummins Inc shareholders on a date yet to be announced.

 

Exchange your shares – Act by noon on Friday 8 March 2024


Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by post or secure message. Please note that any instruction you give must be based on the full details provided in the correspondence and not on the summary information outlined above.

×
Sell:$294.41
Buy:$294.42
Change: $0.45 (0.15%)
Market closed |  Prices as at close on 28 March 2024 | Switch to live prices |
Miscellaneous

Cummins Inc Common Stock USD2.50

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 6 Mar 2024)

Cummins Inc plans to offer some of its shares in Atmus Filtration Technologies Inc to shareholders via an exchange offer. You have the option to receive up to approximately USD107.53 worth of Atmus Filtration Technologies Inc shares for every USD100 worth of Cummins Inc shares held.

 

If you don’t want to exchange your shares, you don’t need to do anything. You’ll keep your existing shares.

 

Please see below for a breakdown of the exchange offer:

 

•  If you choose to exchange your shares, it is expected that you’ll receive approximately USD107.53 worth of Atmus Filtration Technologies Inc shares for each USD100 worth of Cummins Inc shares exchanged. However the ratio of Atmus Filtration Technologies Inc shares is subject to an upper limit of 13.3965 Atmus Filtration Technologies Inc shares per Cummins Inc share exchanged, so the cash ratio mentioned above is not guaranteed.
•  The value of the two stocks for the purpose of the exchange offer will be determined by reference to the average of the daily volume-weighted average prices (VWAP) of the stocks on the New York Stock Exchange during the three consecutive trading days ending on and including the second trading day preceding the expiration date of the Exchange offer.
•  You can elect to exchange all or some of your Cummins Inc shares for Atmus Filtration Technologies Inc shares. However, depending on the total number of elections, you may not be able to exchange all of the shares you ask to exchange. Any shares not successfully exchanged will be returned to your account upon receipt.
•  Shareholders holding 99 shares or less who exchange their entire holding will receive priority under the offer.

•  The exchange offer is expected to be tax-free for U.S. Federal income tax purposes.
•  If the exchange offer is not fully subscribed, Cummins Inc intends to make a distribution of the remaining Atmus Filtration Technologies Inc shares not exchanged in the offer to shareholders. If this happens, the distribution will be effected as a dividend and will be paid on a pro rata basis to Cummins Inc shareholders on a date yet to be announced.

 

Exchange your shares – Act by noon on Friday 8 March 2024


Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by post or secure message. Please note that any instruction you give must be based on the full details provided in the correspondence and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Annual & interim reports

Annual & interim reports are not available for this stock.

Financial results for the last 5 years

Values are quoted in the stock's local currency: US dollar.

Income Statement: 31/12/2023 31/12/2022 31/12/2021 31/12/2020 31/12/2019
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Revenue: 34,065.00 28,074.00 24,021.00 19,811.00 23,571.00
Operating Profit / (Loss): 1,761.00 2,929.00 2,706.00 2,269.00 2,700.00
Net Interest: n/a n/a n/a n/a n/a
Profit Before Tax: 1,626.00 2,819.00 2,751.00 2,338.00 2,834.00
Profit after tax from continuing operations: 840.00 2,183.00 2,164.00 1,811.00 2,268.00
Discontinued Operations:   
Profit after tax from discontinuing operations: n/a n/a n/a n/a n/a
Profit for the period: n/a n/a n/a n/a n/a
Attributable to:   
Equity holders of parent company: n/a n/a n/a n/a n/a
Minority Interests / Other Equity: n/a n/a n/a n/a n/a
Total Dividend Paid: c n/a c n/a c n/a c n/a c n/a
Retained Profit / (Loss) for the Financial Year: c n/a c n/a c n/a c n/a c n/a
Earnings per Share:   
Basic: 519.00¢ 1,520.00¢ 1,474.00¢ 1,207.00¢ 1,454.00¢
Diluted: n/a n/a n/a n/a n/a
Adjusted: 519.00¢ 1,520.00¢ 1,474.00¢ 1,207.00¢ 1,454.00¢
Dividend per Share: $0.00 $0.00 $0.00 $0.00 $0.00
Balance Sheet: 31/12/2023 31/12/2022 31/12/2021 31/12/2020 31/12/2019
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Assets:   
Non-Current Assets:   
Property, Plant & Equipment: 6,249.00 5,521.00 4,422.00 4,255.00 4,245.00
Intangible Assets: 5,018.00 5,030.00 2,187.00 2,256.00 2,289.00
Investment Properties: n/a n/a n/a n/a n/a
Investments: n/a n/a n/a n/a n/a
Other Financial Assets: n/a n/a n/a n/a n/a
Other Non-Current Assets: 5,540.00 5,297.00 4,792.00 4,216.00 3,816.00
  16,807.00 15,848.00 11,401.00 10,727.00 10,350.00
Current Assets:   
Inventories: 5,677.00 5,603.00 4,355.00 3,425.00 3,486.00
Trade and Other Receivables: n/a n/a n/a n/a n/a
Cash at Bank & In Hand: 2,179.00 2,101.00 2,592.00 3,401.00 1,129.00
Current Asset Investments: n/a n/a n/a n/a n/a
Other Current Assets: 7,342.00 6,747.00 5,362.00 5,071.00 4,772.00
  15,198.00 14,451.00 12,309.00 11,897.00 9,387.00
Other Assets: n/a n/a n/a n/a n/a
Total Assets: 32,005.00 30,299.00 23,710.00 22,624.00 19,737.00
Liabilities:   
Current Liabilities:   
Borrowings: 398.00 783.00 1,877.00 554.00 791.00
Other Current Liabilities: 12,505.00 10,638.00 5,207.00 5,781.00 5,469.00
  12,903.00 11,421.00 7,084.00 6,335.00 6,260.00
Net Current Assets: c 2,295.00 c 3,030.00 c 5,225.00 c 5,562.00 c 3,127.00
Non-Current Liabilities:   
Borrowings: 4,802.00 4,498.00 3,579.00 3,610.00 1,576.00
Provisions: n/a n/a n/a n/a n/a
Other Non-Current Liabilities: 4,396.00 4,155.00 3,646.00 3,690.00 3,436.00
  9,198.00 8,653.00 7,225.00 7,300.00 5,012.00
Other Liabilities: n/a 258.00 366.00 n/a n/a
Total Liabilities: 22,101.00 20,332.00 14,675.00 13,635.00 11,272.00
Net Assets: 9,904.00 9,967.00 9,035.00 8,989.00 8,465.00
Capital & reserves:   
Share Capital: n/a n/a n/a n/a n/a
Share Premium Account: n/a n/a n/a n/a n/a
Other Reserves: n/a n/a n/a n/a n/a
Retained Earnings: n/a n/a n/a n/a n/a
Shareholders Funds: 8,850.00 8,975.00 8,146.00 8,062.00 7,507.00
Minority Interests / Other Equity: 1,054.00 992.00 889.00 927.00 958.00
Total Equity: 9,904.00 9,967.00 9,035.00 8,989.00 8,465.00

a. Includes discontinued activities
b. Including assets due in more than one year
c. Not disclosed under IFRS
d. Total fixed assets
e. Includes borrowings

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Financials provided by Digital Look Ltd.

Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.