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Cummins Inc. - CMI STOCK NEWS

Welcome to our dedicated news page for Cummins (Ticker: CMI), a resource for investors and traders seeking the latest updates and insights on Cummins.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cummins's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cummins's position in the market.

Rhea-AI Summary
Cummins Inc. (NYSE: CMI) successfully completed an exchange offer, accepting 5,574,051 shares of Cummins common stock in exchange for 67,054,719 shares of Atmus Filtration Technologies Inc. common stock. The exchange offer was oversubscribed, resulting in a final proration factor of 6.99255200%. Shareholders who owned fewer than 100 shares of Cummins common stock were not subject to proration. Following the exchange, Cummins no longer holds any shares of Atmus common stock, aiming to bring value to both Cummins and Atmus shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
Tags
none
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Rhea-AI Summary
Cummins Inc. (NYSE: CMI) successfully completed an exchange offer, accepting 5,574,051 shares of Cummins common stock in exchange for 67,054,719 shares of Atmus Filtration Technologies Inc. common stock. The exchange offer was oversubscribed, resulting in a final proration factor of 6.99255200%. Shareholders who owned fewer than 100 shares of Cummins common stock were not subject to proration. Following the exchange, Cummins no longer holds any shares of Atmus common stock, aiming to bring value to both Cummins and Atmus shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.1%
Tags
none
-
Rhea-AI Summary
Cummins Inc. (CMI) announced an oversubscribed exchange offer where shareholders could swap their Cummins common stock for Atmus Filtration Technologies Inc. (ATMU) common stock. 12.0298 shares of Atmus will be exchanged for each Cummins share. Approximately 69,142,112 Cummins shares were tendered, with 5,574,050 shares accepted. Shareholders with fewer than 100 shares were not subject to proration. The final proration factor will be announced on March 18, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
none
Rhea-AI Summary
Cummins Inc. (CMI) announced an oversubscribed exchange offer where shareholders could swap their Cummins common stock for Atmus Filtration Technologies Inc. (ATMU) common stock. 12.0298 shares of Atmus will be exchanged for each Cummins share. Approximately 69,142,112 Cummins shares were tendered, with 5,574,050 shares accepted. Shareholders with fewer than 100 shares were not subject to proration. The final proration factor will be announced on March 18, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.46%
Tags
none
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Rhea-AI Summary
Cummins Inc. (NYSE: CMI) achieves a milestone with the successful commissioning of a fuel-cell-powered locomotive for freight rail applications in partnership with ÖBB. The project, part of the HY2RAIL initiative, integrates Accelera fuel cells into a 120kW system, meeting stringent railway standards. The transformation from diesel-electric to emissions-free technology marks a significant step towards sustainable heavy-duty transport.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
none
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Rhea-AI Summary
Cummins Inc. (NYSE: CMI) announces the final exchange ratio for its split-off exchange offer with Atmus Filtration Technologies Inc. Shareholders can exchange their Cummins shares for Atmus shares at a ratio of 12.0298 shares of Atmus for each Cummins share. Cummins expects to accept around 5,574,051 shares if fully subscribed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.3%
Tags
none
Rhea-AI Summary
Cummins Inc. (NYSE: CMI) announces the final exchange ratio for its split-off exchange offer with Atmus Filtration Technologies Inc. Shareholders can exchange their Cummins shares for Atmus shares at a ratio of 12.0298 shares of Atmus for each Cummins share. Cummins expects to accept around 5,574,051 shares if fully subscribed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
none
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Rhea-AI Summary
Cummins Inc. (NYSE: CMI) announces the launch of its most efficient heavy-duty diesel engine, the X15, compliant with U.S. EPA and CARB 2027 regulations. The next generation X15 offers improved greenhouse gas and fuel efficiency benefits while maintaining the same power ratings as the current X15. This advanced diesel engine is part of the Cummins HELM™ platform, providing customers with higher efficiency, lower emissions, and fuel flexibility for their on-highway needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
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none
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Rhea-AI Summary
Cummins Inc. appoints four new vice presidents, showcasing a commitment to company growth and employee development. The leaders bring expertise and dedication to drive success in the energy transition and Destination Zero strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
none
Rhea-AI Summary
Atmus Filtration Technologies Inc. (ATMU) announced the filing of a Form S-4 Registration Statement with the SEC for an exchange offer by Cummins (CMI) to exchange up to 80.5% of Atmus common stock for Cummins common stock. If completed, Cummins will no longer be the controlling shareholder of Atmus, marking a significant transition for the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
none
Cummins Inc.

NYSE:CMI

CMI Rankings

CMI Stock Data

40.16B
141.10M
0.41%
89.6%
4.12%
Other Engine Equipment Manufacturing
Manufacturing
Link
US
Columbus

About CMI

cummins inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. headquartered in columbus, indiana, (usa) cummins currently employs approximately 54,600 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 7,200 dealer locations. cummins earned $1.65 billion on sales of $19.2 billion in 2014.