CMI

Atmus To File Form S-4 Registration Statement in Connection with Cummins Exchange Offer

Retrieved on: 
Wednesday, February 14, 2024
Automotive Manufacturing, Automotive, Manufacturing, Other Transport, Trucking, HVAC, Transport, General Automotive, Engineering, Machinery, Fleet Management, Security (finance), History, Prospectus, CMI

Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU) today announced that it will file a Form S-4 Registration Statement with the Securities and Exchange Commission (the “SEC”) in connection with Cummins’ (NYSE: CMI) offer to exchange up to 67,054,726 shares of Atmus common stock that Cummins owns, representing 80.5% of the total outstanding shares of Atmus common stock, for outstanding shares of Cummins common stock.

Key Points: 
  • Atmus Filtration Technologies Inc. (Atmus; NYSE: ATMU) today announced that it will file a Form S-4 Registration Statement with the Securities and Exchange Commission (the “SEC”) in connection with Cummins’ (NYSE: CMI) offer to exchange up to 67,054,726 shares of Atmus common stock that Cummins owns, representing 80.5% of the total outstanding shares of Atmus common stock, for outstanding shares of Cummins common stock.
  • Pursuant to the exchange offer, Cummins shareholders will have the opportunity to exchange all, some, or none of their shares of Cummins common stock for shares of Atmus common stock, subject to the terms of the exchange offer.
  • Cummins currently owns approximately 80.5% of the total outstanding shares of Atmus common stock.
  • If the exchange offer (including all related transactions) is completed, Cummins will no longer be the controlling shareholder of Atmus, and Atmus will operate as a fully independent company.

Cummins Launches Exchange Offer for Separation of Atmus Filtration Technologies Inc.

Retrieved on: 
Wednesday, February 14, 2024
Fleet Management, Other Manufacturing, Aftermarket, Automotive, Machinery, Engineering, Automotive Manufacturing, Manufacturing, Exchange, J. P. Morgan, EST, Form, CMI, Security (finance)

Through the planned exchange offer, Cummins shareholders will have the option to exchange all, some or none of their shares of Cummins common stock for shares of Atmus common stock, subject to the terms of the exchange offer.

Key Points: 
  • Through the planned exchange offer, Cummins shareholders will have the option to exchange all, some or none of their shares of Cummins common stock for shares of Atmus common stock, subject to the terms of the exchange offer.
  • I am excited to see what the future holds for the company.”
    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.
  • The completion of the exchange offer is subject to certain conditions, including: at least 33,527,363 shares of Atmus common stock being distributed in exchange for shares of Cummins common stock validly tendered in the exchange offer; and the receipt of an opinion of counsel that the exchange offer will qualify for tax-free treatment to Cummins and its participating stockholders.
  • Cummins is offering to exchange 67,054,726 shares of Atmus common stock for outstanding shares of Cummins common stock in the exchange offer.

CUMMINS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Cummins Inc. - CMI

Retrieved on: 
Wednesday, February 14, 2024
FREE, Lawyer, District court, CMI

NEW ORLEANS, Feb. 13, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until March 15, 2024 to file lead plaintiff applications in a securities class action lawsuit against Cummins Inc. (NYSE: CMI), if they purchased or otherwise acquired the Company’s securities between April 30, 2019 and December 21, 2023, inclusive (the “Class Period”).

Key Points: 
  • NEW ORLEANS, Feb. 13, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until March 15, 2024 to file lead plaintiff applications in a securities class action lawsuit against Cummins Inc. (NYSE: CMI), if they purchased or otherwise acquired the Company’s securities between April 30, 2019 and December 21, 2023, inclusive (the “Class Period”).
  • This action is pending in the United States District Court for the Central District of California.
  • Cummins investors should visit us at https://claimsfiler.com/cases/nyse-cmi-1/ or call toll-free (844) 367-9658.
  • Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

ROSEN, A LONGSTANDING LAW FIRM, Encourages Cummins Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - CMI

Retrieved on: 
Wednesday, February 14, 2024
Titan, Court, Class, Plaintiff, CMI, Advertising, Tobacco

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles.

Key Points: 
  • WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against VNET, Assertio, Cummins, and Brooge and Encourages Investors to Contact the Firm

Retrieved on: 
Wednesday, February 14, 2024
Complaint, Acquisition, Spectrum, FDA, News, Food, BIA, Sale, Fraud, CMI, Adjustment, Risk, Cayman, Suppository, Rheumatoid arthritis, Executive, Spectrum Pharmaceuticals, Patient, ASRT, Security (finance), Facility, EPS, Defendant, Learning, P.C

Stockholders have until the deadlines below to petition the court to serve as lead plaintiff.

Key Points: 
  • Stockholders have until the deadlines below to petition the court to serve as lead plaintiff.
  • On this news, the Company’s share price fell $0.20, or 3.2% on February 13, 2023, on unusually heavy trading volume.
  • According to the complaint, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects.
  • For more information on the Brooge class action go to: https://bespc.com/cases/BROG

Cummins Inc. Declares Quarterly Common Stock Dividend

Retrieved on: 
Tuesday, February 13, 2024
Technology, General Automotive, Engineering, Automotive Manufacturing, EV, Electric Vehicles, Manufacturing, Alternative Vehicles, Fuels, Automotive, Batteries, Vehicle Technology, Machinery, Machine Tools, Metalworking & Metallurgy, Other Technology, Other Manufacturing, CMI

The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.68 dollars per share, payable on March 7, 2024, to shareholders of record on February 23, 2024.

Key Points: 

The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.68 dollars per share, payable on March 7, 2024, to shareholders of record on February 23, 2024.

CUMMINS INC. (NYSE: CMI) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Cummins Inc.

Retrieved on: 
Tuesday, February 13, 2024
Filtration, Court, Action Replay, Natural gas, News, Advertising, Complaint, District court, CMI, Certification, Defendant, Security (finance)

If you purchased or acquired Cummins securities, and/or would like to discuss your legal rights and options please visit Cummins Inc.

Key Points: 
  • If you purchased or acquired Cummins securities, and/or would like to discuss your legal rights and options please visit Cummins Inc.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • If you purchased or acquired Cummins securities, and/or would like to discuss your legal rights and options please visit Cummins Inc.
  • The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.

CMI INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Cummins Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Retrieved on: 
Tuesday, February 13, 2024
Court, Person, Complaint, CMI

Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/CMI .

Key Points: 
  • Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/CMI .
  • The Complaint further alleges that, when the true details regarding Cummins' engines emissions entered the market, investors suffered damages.
  • or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660.
  • Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits.

Cummins Elects John H. Stone to its Board of Directors

Retrieved on: 
Monday, February 12, 2024
Technology, Engineering, Automotive Manufacturing, Other Energy, Manufacturing, Aftermarket, Automotive, Batteries, Trucking, Rail, Energy, Transport, Software, Data Management, Deere, Multimedia, Strategic management, Quality, John Deere, General Electric, Army, CMI, Business development, Forestry, Rock (geology), Allegion, Management

Today, Cummins Inc. (NYSE: CMI) announced the election of John H. Stone to its Board of Directors.

Key Points: 
  • Today, Cummins Inc. (NYSE: CMI) announced the election of John H. Stone to its Board of Directors.
  • This press release features multimedia.
  • Prior to working at Allegion, Stone had a 20-year career at Deere & Company, where he rose to the role of President of the Worldwide Construction, Forestry and Power Systems business.
  • Other highlights from Stone’s diverse career include roles in Six Sigma and Quality at General Electric and service as an infantry officer in the United States (U.S.) Army.

Cummins (CMI) $1.675 Billion DOJ Penalty Precipitates Securities Fraud Class Action – Hagens Berman

Retrieved on: 
Monday, February 12, 2024
EPA, SAN, Hagens Berman, UBS, Person, Air pollution, CMI, Public

SAN FRANCISCO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Cummins Inc. (NYSE: CMI) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Cummins Inc. (NYSE: CMI) investors who suffered substantial losses to submit your losses now .
  • Cummins Inc. (CMI) Securities Fraud Class Action:
    In a report to clients, analysts at UBS recently commented on Cummins’ agreement to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty for a Clean Air Act violation.
  • “We are investigating whether Cummins intentionally made false statements concerning its public health and regulatory compliance,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
  • Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.