cummins inc (CMI:New York)
Transactions by CUMMINS INC (CMI) in the last 6 months
Cummins Inc. (NYSE:CMI) acquired additional 54% stake in Cummins Bridgeway, LLC for $77 million on November 3, 2014. Under the terms, Cummins will pay $22 million to the former owners and pay $45 million for retirment of debt. The consideration may include payment that has not been made yet and will be paid in future periods in accordance with the purchase contract.
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 ...
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