Meritor

Meritor engages in the production of drivetrain, mobility, braking, and aftermarket solutions for commercial vehicles. With more than a 110-year legacy of providing innovative products, the company serves commercial truck, trailer, off-highway, defense, specialty, and aftermarket customers around the world.

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TROY, Mich. , April 11, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has published its 2021 Sustainability Report which is now available on the company's website at meritor.com.

Meritor Publishes 2021 Sustainability Report

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TROY, Mich. , March 31, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced a new standard position agreement with Extreme Trailers, LLC.

Meritor Announces Standard Position Agreement with Extreme Trailers, LLC

TROY, Mich., March 8, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced it has been honored in Heavy Duty Trucking Magazine's 2022 Top 20 Products Awards for its 14Xe™ ePowertrain, a fully integrated, all-electric drive system that launched in December 2021.

Meritor Earns Heavy Duty Trucking's Top 20 Product Award for 14Xe™ ePowertrain

ORLANDO, Fla., March 8, 2022 /PRNewswire/ -- Clarience Technologies and Meritor (NYSE: MTOR) are forming a technology alliance to develop future connectivity solutions for commercial trucks and trailers.

Clarience Technologies Forms Technology Alliance with Meritor to Explore Future Connectivity Solutions in Commercial Transportation

Meritor (MTOR) partners with ConMet to work on an innovative and futuristic zero-emission refrigerated trailer system.

Meritor (MTOR) Inks Pact With ConMet on Zero-Emission Trailers

TROY, Mich., March 3, 2022 /PRNewswire/ --  Meritor, Inc. (NYSE: MTOR) today announced it has entered into a collaboration agreement with ConMet in which Meritor will develop purpose-built trailer suspensions and brakes, as well as tire inflation systems to work with ConMet's PreSet Plus® eHub.

Meritor Announces Collaboration with ConMet eMobility to Enable Zero-Emission Trailers

Following a boost in the fourth quarter, Glenview Capital Management's Larry Robbins (Trades, Portfolio) disclosed last week he further increased his stake in Meritor Inc. ( MTOR , Financial) by 29.96%.

Larry Robbins Shifts Meritor Stake Into a Higher Gear

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Meritor, Inc. (NYSE: MTOR) to Cummins Inc. (NYSE: CMI). Under the terms of the proposed transaction, shareholders of Meritor will receive only $36.50 in cash for each share of Meritor that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether t

MERITOR INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Meritor, Inc. - MTOR

Cummins

To drive powertrain technology and give a push to electric and hybrid vehicle parts, Cummins (CMI) is set to acquire Meritor (MTOR).

Cummins (CMI) to Takeover Meritor (MTOR) in $3.7 Billion Deal

Meritor, Inc. (NYSE: MTOR), whose shares rose by 45%, and Cummins Inc. (NYSE: CMI) recently announced they'd executed a definitive purchase agreement whereby Meritor, a leader of the electric powertrain, aftermarket, braking, mobility and drivetrain options for industrial and commercial vehicle markets, will be acquired by Cumins. .  According to the agreement, Cumins will pay Meritor $36.50 in cash […] The post Meritor shares shoot up by 45% after announcing it'd be acquired by Cumins appeared first on Invezz.

Meritor shares shoot up by 45% after announcing it'd be acquired by Cumins

Cummins Inc., which is rapidly transforming from solely a leading maker of diesel engines into electric powertrains and zero-emissions technologies, said Tuesday it will pay $3.7 billion in cash to acquire Meritor Inc., merging their distinct traditional and advanced technology components. “The two companies are largely complementary,” Cummins CEO Tom Linebarger said on a call with analysts.

Cummins will buy Meritor for $3.7B

Shares of Meritor Inc., a maker of axle, braking and electric powertrain components, were headed toward a 24-year high Tuesday, after the company announced a deal to be acquired by diesel truck engine maker Cummins Inc. for $3.7 billion in cash.

Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion

Meritor (MTOR) stock is on the move today as investors react to news about a $3.7 billion acquisition deal with Cummins (CMI). The post MTOR Stock Alert: 11 Things to Know About the Acquisition Sending Meritor Soaring appeared first on InvestorPlace.

MTOR Stock Alert: 11 Things to Know About the Acquisition Sending Meritor Soaring

Cummins is paying up to acquire the commercial vehicle component manufacturer.

Why Meritor Stock Is Soaring Today

Cummins Inc. (NYSE: CMI) is buying Meritor, Inc. (NYSE: MTOR) in a $3.7 billion deal. These are the details.

Why Cummins (CMI) Is Buying Meritor (MTOR) For $3.7 Billion

The deal will expand Cummins' range of engine offerings and add axle and brake technology to its product line.

Cummins To Acquire Meritor In $3.7 Billion Deal, Accelerating Auto Supplier Consolidation

MILWAUKEE, Feb. 22, 2022 /PRNewswire/ -- Ademi LLP is investigating Meritor (NYSE: MTOR) for possible breaches of fiduciary duty and other violations of law in its transaction with Cummins.  Click here to learn how to join the action: https://www.ademilaw.com/case/meritor-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Meritor, Inc. has obtained a Fair Price in its transaction with Cummins.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Meritor, Inc. (NYSE: MTOR) to Cummins Inc. for $36.50 per share in cash is fair to Meritor shareholders. Halper Sadeh encourages Meritor shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Meritor and its board of

MTOR Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of Meritor, Inc. Is Fair to Shareholders

Cummins Inc (NYSE: CMI) has agreed to acquire electric powertrain solutions provider Meritor Inc (NYSE: MTOR) for about $3.7 billion, including assumed debt and net of acquired cash. The company will pay Meritor shareholders $36.50 in cash per share, representing a 48% premium.

Cummins Agrees To Acquire Meritor For $3.7B

Commercial truck and industrial equipment maker Meritor Inc. MTOR, -2.37% announced an agreement to be acquired by Cummins Inc. CMI, -0.29% in a cash deal valued $3.7 billion, including debt and acquired cash. Under terms of the deal, Cummins will pay $36.50 for each Meritor share outstanding, which represents a 48% premium to Friday's stock closing price of $24.67, and the highest price the stock traded at since May 1998.

Meritor agrees to buyout bid at a 48% premium, that implies a $2.6 billion market cap

COLUMBUS, Ind. & TROY, Mich.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) today announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion

Cummins to Acquire Meritor

Meritor (MTOR) records sales and earnings growth in the fiscal first quarter of 2022, led by higher truck production across markets and operating income. Its guidance for fiscal 2022 remains unchanged.

Meritor's (MTOR) Q1 Earnings Beat, Sales Miss, Increase Y/Y

Meritor Inc. (MTOR) CEO Chris Villavarayan on Q1 2022 Results - Earnings Call Transcript

Meritor (MTOR) delivered earnings and revenue surprises of 6.67% and 1.84%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Meritor Stock (MTOR)