US: Cummins board approves US$1bn stock repurchase plan

Cummins' board of directors has authorised the company to repurchase up to US$1bn in shares of common stock. The company is yet to complete its current US$500m share repurchase plan, which was approved by the board in December 2007. "Cummins remains committed to returning value to shareholders and this new repurchase Subscribe to Automotive World … Continued

• By Webmaster
• February 9, 2011