WebFeb 22, 2024 · 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, including … WebFeb 22, 2024 · Cummins Inc. will pay $3.7 billion to acquire Meritor Inc. in an all-cash deal that pays Meritor shareholders a 48% premium. (Photo: Cummins) Cummins Inc., …
Meritor Commercial Vehicle OEM & Aftermarket Solutions
WebFeb 23, 2024 · US truck engine maker Cummins Inc said on Tuesday it will buy auto parts maker Meritor Inc for $2.58 billion in cash, to beef up its electric and hybrid vehicle parts offerings amid a boom in demand for climate-friendly transport. The demand for electric vehicles has pushed automakers to unveil billion dollar plans to electrify gasoline models … WebFeb 23, 2024 · Cummins said Tuesday it had reached an agreement to acquire Michigan-based Meritor Inc. for $36.50 in cash per share, a 48% premium on Meritor’s closing price on Friday. The deal is expected to ... highland commercial consignment
Diesel engine firm Cummins has struck a $3.7 billion deal …
WebFeb 22, 2024 · 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 ... WebMar 1, 2024 · Cummins will pay $3.7-billion to take over Meritor and its almost 10,000 employees, with a product portfolio that includes commercial vehicle drivetrains, mobility, … WebFeb 23, 2024 · Parts of the Meritor factory on High Avenue date to 1916 or earlier, according to the Wisconsin Historical Society. The old Rockwell factory on High Avenue is about to change hands once more. Indiana-based Cummins Inc. said Tuesday that it plans to buy Meritor Inc. for $3.7 billion and complete the deal by the end of the year. highland colony homes for sale