Meritor: Q2 Earnings Insights
Meritor (NYSE:MTOR) reported its Q2 earnings results on Tuesday, May 3, 2022 at 06:45 AM.
Here's what investors need to know about the announcement.
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The Latest Breaking News from MTOR
Meritor Inks Collaboration Agreement With ConMet For Zero-Emission Trailers
Meritor Inc (NYSE:MTOR) has partnered with ConMet to develop purpose-built trailer suspensions and brakes. Financial terms were not disclosed. ConMet, a division of Amsted Industries, is a supplier of wheel hubs, aluminum castings, and structural plastics in the commercial vehicle industry. The collaboration will also develop tire inflation systems to work with ConMet's…
Benzinga ·
Cummins Agrees To Acquire Meritor For $3.7B
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 to the Meritor's closing price of $24.67 on February 18, 2022. Meritor, headquartered…
Benzinga ·
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