UPDATE: Cummins (CMI) to Explore Sale of Filtration Business - Reuters

December 1, 2016 11:37 AM EST

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(Updated - December 1, 2016 11:41 AM EST)

Cummins (NYSE: CMI) is preparing to explore a sale of its filters and coolants unit, according to Reuters, citing people familiar with the matter. The business may fetch more than $1.5 billion.

Cummins is working with an investment bank as it prepares to run an auction in the next two months.

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