cummins inc (CMI:New York)
Transactions by CUMMINS INC (CMI) in the last 6 months
Cummins Inc. (NYSE:CMI) acquired the remaining 50% interest in Cummins Eastern Canada LP for $62 million on August 4, 2014. The purchase consideration included $22 million in cash and an additional $32 million to eliminate outstanding debt. The remaining $8 million will be paid in future periods. Net sales for Eastern Canada were $228 million for the year ended December 31, 2013. As a result of this transaction, third quarter 2014 distribution segment results included ...
Cummins Inc. (NYSE:CMI) announces a share repurchase program. Under the program, Cummins will repurchase up to $1 billion worth of its common stock. The purpose of the program is to reinforce the commitment of returning value to shareholders.
The Board of Directors of Cummins Inc. has authorized a buyback plan on July 8, 2014.
On July 8, 2014, the company initiated a Market Repurchase. The program will commence on completion of the previous repurchase program.
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