bullish

Cummins Inc

Cummins Inc (CMI) - Friday, Feb 16, 2024

321 Views18 May 2024 07:45
Syndicated
SUMMARY
  • Cummins is offering an oddlot exchange with a high pre-tax gain of approximately $2,150 per account compared to other split-off exchanges
  • Participants must buy 99 shares of CMI at $265.80 and tender all shares by March 13th to receive around 1,255 shares of ATMU in exchange
  • The exchange ratio offers a premium of 7.053% in ATMU shares for each CMI share exchanged, with the final ratio determined by the average VWAP of CMI and ATMU on March 7th, 8th, and 11th

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
Logo
Value Investors Club
External reports (aggregated public sources)
Value Investors Club
Equity Bottom-UpEvent-Driven
Price Chart(Sign Up to Access)
analytics-chart
  • Cummins Inc (CMI) - Friday, Feb 16, 2024
    18 May 2024
x