Meritor Inc Stock News

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

A huge deal was announced in the auto industry on Monday with Cummins (CMI) striking a deal to acquire Meritor (MTPOR). Read more.

Commercial truck and industrial equipment maker Meritor Inc. announced an agreement to be acquired by Cummins Inc. 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''s stock is currently halted for news, while Cummins stock fell 2.1% in premarket trading. The buyout bid price implies a market capitalization for Meritor of $2.58 billion. "The integration of Meritor''s people, technology and capabilities will position Cummins as one of the few companies able to provide integrated powertrain solutions across combustion and electric power applications," the companies said in a statement. "This is the right time to pursue this combination as demand for decarbonized solutions accelerates." Shares of Meritor have dropped 14.7% over the past three months and Cummins stock has lost 4.4%, while the S&P 500 has declined 7.1%.

Commercial truck and industrial equipment maker Meritor Inc. undefined announced an agreement to be acquired by Cummins Inc. undefined in a cash deal valued

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

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

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 w

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 acqui

Ford, General Motors, Cummins, Adient and Meritor are included in this analyst blog.

Stocks Analysis by Zacks Investment Research covering: General Motors Company, Ford Motor Company, Cummins Inc, Meritor Inc. Read Zacks Investment Research''s latest article on Investing.com

While General Motors' (GM) Q4 EPS beat estimates, it dips 30% y/y. Its close peer Ford's (F) Q4 earnings miss mark and decline 23.5% on a year-over-year basis.

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