10:33 AM EDT, 03/14/2024 (MT Newswires) -- Cummins (CMI) said Thursday that its offer to its shareholders to exchange their shares for Atmus Filtration Technologies ( ATMU ) stock owned by Cummins was oversubscribed based on preliminary results.

Under the exchange offer, which expired Wednesday, 12.0298 shares of Atmus will be exchanged for each Cummins stock accepted in the exchange offer, the company said.

It is estimated that about 6.7% of the tendered shares of Cummins stock subject to proration will be exchanged, the firm said.

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