Cummins to Withdraw Pacific Exchange Listing; Retain New York Stock Exchange Listing.COLUMBUS, Ind. -- Cummins Inc. (NYSE NYSE See: New York Stock Exchange :CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) today announced that it plans to voluntarily withdraw the listing of its common stock from NYSE Arca For other uses of "ARCA", see ARCA. NYSE Arca, previously known as ArcaEx, an abbreviation of Archipelago Exchange, is an entirely online securities exchange on which both stocks and options are traded. Inc., formerly the Pacific Exchange. The Company's common stock will continue to be listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Cummins has decided to withdraw its listing from NYSE Arca to streamline operations and eliminate duplicative administrative requirements as a result of the NYSE Group's recent merger with Archipelago Holdings, the parent company of NYSE Arca. The withdrawal is expected to take effect within the next month and Cummins does not believe it will have any impact on the liquidity of its stock. NYSE Arca will continue trading the Company's stock on an unlisted trading Unlisted trading Trading in unlisted securities that occurs on an organized exchange to accommodate members. This practice is not permitted at the NYSE. unlisted trading privilege basis. About Cummins Inc. Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in more than 160 countries through its network of 550 Company-owned and independent distributor facilities and more than 5,000 dealer locations. Cummins reported net income of $550 million on sales of $9.9 billion in 2005. Press releases can be found on the Web at www.cummins.com. |
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