dWeb.News: Cummins to Acquire 50 Percent of Momentum Fuel Technologies From Rush Enterprises

Cummins to Acquire 50 Percent of Momentum Fuel Technologies From Rush Enterprises
Author: Daniel Webster
DALLAS & FORT WORTH, Texas & COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) and Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) today announced that they have signed a Letter of Intent for Cummins to acquire a 50% equity interest in Momentum Fuel Technologies from Rush Enterprises. The proposed transaction is expected to close later this year, subject to completion of customary pre-closing activities and entering into mutually agreeable transaction documentation. The joint venture
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