Meritor Inc Stock News

Meritor (MTOR) entered into a collaboration agreement with ConMet eMobility, in which MTOR will develop purpose-built trailer suspensions and brakes, as well as tire inflation systems…

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. This innovative system will enable production of zero-emissions refrigerated trailers. To deliver this electrified trailer solution, Meritor is redesigning its trailer suspension and drum brake, including a specifically engineered spindle package to be compatible with ConMet''s eHub. The companies will also continue to jointly evaluate the application of industry leading, complementary advanced technologies that address evolving e-mobility market trends. "This agreement with ConMet eMobility demonstrates our focus on the future of advanced transportation technology and is another example of an eOptimized ™ product solution by Meritor that brings tire management and zero-emission solutions to the commercial vehicle industry.

Upgrades Stifel upgraded the previous rating for Revolution Medicines Inc (NASDAQ:RVMD) from Hold to Buy. For the fourth quarter, Revolution Medicines had an EPS of $0.71, compared to year-ago quarter

Cummins (CMI) is set to acquire Meritor (MTOR) for $3.7 billion, while Apollo Funds decides to buy Tenneco (TEN) for $7.1 billion.

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

Merger activity remained steady with five new deals announced, four deals completed and one deal terminated. Two of the five new deals announced were potential deals in the works. TEGNA Inc. (NYSE: TG

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

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

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

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

Cummins to buy Meritor for $2.6 billion in electric parts push. The demand for electric vehicles has pushed automakers to unveil billion dollar plans to electrify gasoline models or introduce electric cars and trucks.

Gainers Imperial Petroleum Inc. (NASDAQ: IMPP ) jumped 63.1% to close at $0.80 on Tuesday after declining around 7% on Friday. Indonesia Energy Corporation Limited (NYSE: INDO ) shares surged 44.1% to close at $6.47 on Tuesday. Meritor, Inc. (NYSE: MTOR ) shares climbed 43.8% to settle at $35.47. Cummins Inc (NYSE: CMI ) agreed to acquire electric powertrain solutions provider Meritor for about $3.7 billion, including assumed debt and net of acquired cash. China Natural Resources, Inc. (NASDAQ: CHNR ) surged 27.4% to close at $0.7901. Paltalk, Inc. (NASDAQ: PALT ) rose 26.1% to close at $3.96. Ocugen, Inc. (NASDAQ: OCGN ) gained 22.3% to close at $4.23. The FDA has lifted its clinical hold on Ocugens investigational new drug application seeking approval to conduct testing of the COVID-19 vaccine Covaxin in the U.S. Arteris, Inc. (NASDAQ: AIP ) climbed 19% to close at $17.83. Arteris is expected release its financial results for the fourth quarter on Thursday, March 3, 2022. SeaChange International, Inc. (NYSE: SEAC ) rose 18.9% to settle at $1.26.

This article was originally published on TipRanks.com Power generation products manufacturer Cummins Inc. The post Cummins to Acquire Meritor for $3.7 Billion appeared first on Smarter Analyst .

Stocks that traded heavily or had substantial price changes Tuesday: Tempur-Sealy, TransUnion fall; Tegna, Meritor rise