Cummins enters accelerated share repurchase agreement worth $500M
Insight Weekly: Loan-to-deposit ratio rises; inventory turnovers ebb; miners add female leaders
Central European Broadcaster Monetizes Content with a New Online Streaming Service
Debt Ceiling Debate: IR Teams Should Prepare for Potential Market Downturns
Financial Data Provider Quickly Realizes Value of Upgraded Charting Solution
Cummins Inc. signed an accelerated share repurchase agreement with Goldman Sachs & Co. to buy back Cummins common shares worth $500 million.
Initially, the diesel engines manufacturer will repurchase 3 million shares, based on current market prices. The final number of shares repurchased will be determined by volume-weighted average stock price during the transaction, minus any discounts.
