Odd Lot Index

CUMMINS INC CMI

Terms unclear

Unclear — read the filing yourself
amendment with no indexed original - the original may predate the collection window or may not mention odd lots
StatusClosed
Closing date2024-03-13
How it is priced—
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formNot stated

How it finished

Everyone else6.99255%
Expired2024-03-13
Proration factor7%

Where each of these comes from

Every line above was read out of the filing. Here is the wording it was read from, so you can check it.

expiry = 2024-03-13...chedule TO, which incorporates by reference the information contained in the Exchange Offer, is hereby amended and supplemented by adding the following thereto: (a) Material Terms. The Exchange Offer expired at 12:00 midnight, New York City time, at the end of the day on March 13, 2024. Cummins accepted for exchange 5,574,051 shares of Cummins Common Stock in exchange for 67,054,719 shares of Atmus Common Stock owned by Cummins. Each share of Cummins Common Stock accepted for exchange by Cummins was exchanged for 12.0298...
must_tender_all = True...of the shares of Cummins Common Stock that were validly tendered and not properly withdrawn, on a pro rata basis in proportion to the number of shares tendered. Shareholders who owned fewer than 100 shares of Cummins Common Stock, or an “odd-lot,” who validly tendered all of their shares, were not subject to proration, in accordance with the terms of the Exchange Offer. All shares validly tendered by eligible “odd-lot” shareholders have been accepted. The final proration factor of 6.99255200% was applied to all other validly tendered shares of Cummins Common Stock that were subject to proration to determine the number of...
threshold = 100...Common Stock. Because the Exchange Offer was oversubscribed, Cummins accepted only a portion of the shares of Cummins Common Stock that were validly tendered and not properly withdrawn, on a pro rata basis in proportion to the number of shares tendered. Shareholders who owned fewer than 100 shares of Cummins Common Stock, or an “odd-lot,” who validly tendered all of their shares, were not subject to proration, in accordance with the terms of the Exchange Offer. All shares validly tendered by eligible “odd-lot” shareholders have been accepted. The final proration factor of 6.99255200% was applied to all other validly tendered share...
txn_type = TENDER_OFFERSC TO-I/A 1 tm245866-7_sctoia.htm SC TO-I/A tm245866-7_sctoia - block - 1.8851572s ​ ​ ​ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE TO (Amendment No. 4) (Rule 14d-100) TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13(E)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 CUMMINS INC. (Name of Subject Company (Issuer) and Filing Person (Offeror)) Common Stock, par value $2.50 per share (Title of Class of Securities) 231021106 (CUSIP Number of Class of Securities) Nicole Y. Lamb-Hale Chief Legal Officer and Corporate Secret...
expired_on = 2024-03-13...chedule TO, which incorporates by reference the information contained in the Exchange Offer, is hereby amended and supplemented by adding the following thereto: (a) Material Terms. The Exchange Offer expired at 12:00 midnight, New York City time, at the end of the day on March 13, 2024. Cummins accepted for exchange 5,574,051 shares of Cummins Common Stock in exchange for 67,054,719 shares of Atmus Common Stock owned by Cummins. Each share of Cummins Common Stock accepted for exchange by Cummins was exchanged for 12.0298 shares of Atmus Common Stock. Because t...
proration_pct = 6.992552...tendered all of their shares, were not subject to proration, in accordance with the terms of the Exchange Offer. All shares validly tendered by eligible “odd-lot” shareholders have been accepted. The final proration factor of 6.99255200% was applied to all other validly tendered shares of Cummins Common Stock that were subject to proration to determine the number of such shares that were accepted. Based on the final count by the exchange agent, Broadridge Corporate Issuer Solutions, LLC, the results of the Excha...

The filings

FiledFormRoleOn EDGAR
2024-03-18SC TO-I/Aamendment (governing)View