Cummins launches exchange offer for separation of atmus filtration technologies inc.

Columbus, ind.--(business wire)--today, cummins inc. (nyse: cmi) (“cummins”) announced that it will commence an exchange offer to fully split off its remaining interest in atmus filtration technologies inc. (nyse: atmu) (“atmus”). in may 2023, atmus completed its initial public offering where 19.5%, or 16,243,070 shares, of atmus' common stock was sold, with cummins retaining the remaining 80.5% of atmus' common stock. through the planned exchange offer, cummins shareholders will have the optio.
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