Cummins Inc. (NYSE:CMI) signed a Letter of Intent to acquire Momentum Fuel Technologies from Rush Enterprises, Inc. (NasdaqGS:RUSH.B) on June 29, 2021. The transaction is subject to completion of customary pre-closing activities and entering into mutually agreeable transaction documentation. The transaction is expected to close later this year. Daryl Lansdale of Norton Rose Fulbright LLP acted as legal advisor to Rush Enterprises.

Cummins Inc. (NYSE:CMI) acquired Momentum Fuel Technologies from Rush Enterprises, Inc. (NasdaqGS:RUSH.B) on January 3, 2022.