CUMMINS INC. (NYSE:CMI) Files An 8-K Other Events
Item 8.01. Other Events.
release announcing that the Company entered into an agreement
with Eaton Corporation plc (Eaton) to form the Eaton Cummins
Automated Transmission Technologies joint venture for automated
transmissions for heavy-duty and medium-duty transmission
commercial vehicles (the Joint Venture). The Company will pay
Eaton $600 million for a 50% interest in the Joint Venture, and
the Company will consolidate the results of the Joint Venture as
part of its Components business segment. The formation of the
Joint Venture is subject to regulatory approvals and customary
closing conditions. A copy of the press release is filed herewith
as Exhibit 99 to this Current Report on Form 8-K.
herewith:
| (99) |
Press Release dated April 10, 2017
|
About CUMMINS INC. (NYSE:CMI)
Cummins Inc. is a manufacturer of diesel engines. The Company operates through four segments: Engine, Distribution, Components and Power Generation. Its Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, as well as certain customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive, agricultural and governmental equipment markets. Its Distribution segment consists of various businesses, which service and/or distribute a range of its products and services, such as parts and filtration, power generation, engines and service. Its Components segment supplies products, including after treatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Generation segment provides power generation systems, components and services for a customer base, including power solutions and mobile power solutions. CUMMINS INC. (NYSE:CMI) Recent Trading Information
CUMMINS INC. (NYSE:CMI) closed its last trading session 00.00 at 149.44 with 671,695 shares trading hands.
