Cummins to buy back up to $1B in stock

Back to TopCommentsE-mailPrintBookmark and Share

Cummins Inc. said Tuesday that its board approved the repurchase of up to $1 billion in stock.

The Columbus-based engine maker said it has nearly completed its previous $1 billion buyback plan authorized in February 2011.

Shares of Cummins rose $2.24, or 2.2 percent, to close at $105.48 each. Over the past year, the stock has traded between $82.20 and $129.51.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ