Meritor Stock News

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

Western nations prepared further sanctions against Russia, which recognized two breakaway Ukrainian republics. Oil jumped, and bond yields moved higher.

The deal to purchase Meritor is valued at $3.7 billion.

Select auto parts stocks gained in early trading on Tuesday following a blockbuster merger announcement between Cummins and Meritor. Read more.

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 power

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 ac

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

Meritor MTOR +43% Cummins acquires Meritor with eyes on electric power applications.Digital World Acquisition DWAC +17% Trump''s TRUTH Social platform hits Apple''s App

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 Sendin

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.