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MTOR News Highlights
- For MTOR, its 30 day story count is now at 33.
- Over the past 21 days, the trend for MTOR's stories per day has been choppy and unclear. It has oscillated between 1 and 9.
- CMI, FORD and PAY are the most mentioned tickers in articles about MTOR.
Latest MTOR News From Around the Web
Below are the latest news stories about Meritor Inc that investors may wish to consider to help them evaluate MTOR as an investment opportunity.
Meritor, Inc. -- Moody's places Meritor, Inc.'s ratings under review for upgrade following announced acquisition by Cummins, Inc.
The Speculative Grade Liquidity Rating is unchanged at SGL-2.The rating action follows Cummins, Inc.'s (Cummins) announcement to acquire Meritor for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash. The transaction is subject to customary closing conditions, receipt of applicable regulatory approvals and Meritor shareholder approval and targeted to close by the end of 2022.Cummins' plan for Meritor's existing debt is yet to be determined, however Moody's believes that all of the outstanding debt of Meritor will be repaid at transaction close, at which time Moody's would withdraw Meritor's ratings.The review for upgrade reflects Moody's expectation that if the acquisition is completed, Meritor will become a key contributor to a lar...
Cummins, Inc. -- Moody's says Cummins' acquisition of Meritor is credit negative but does not affect ratings
Announcement: Moody's says Cummins' acquisition of Meritor is credit negative but does not affect ratingsGlobal Credit Research - 23 Feb 2022New York, February 23, 2022 -- Moody's Investors Service ("Moody"s) said that Cummins, Inc.'s acquisition of Meritor, Inc., a leading supplier of axles and brakes for commercial vehicles, including axles for electric powertrain solutions, is credit negative. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
To drive powertrain technology and give a push to electric and hybrid vehicle parts, Cummins (CMI) is set to acquire Meritor (MTOR).
A new Macy's (M) stock dividend has been announced and investors in the company will see a pretty penny when payouts take place!
Meritor (MTOR) stock is on the move today as investors react to news about a $3.7 billion acquisition deal with Cummins (CMI).
Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion
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 maker Cummins Inc. for $3.7 billion in cash.
Truck engine maker Cummins (NYSE: CMI) is making a big bet on the electrification of the transportation sector, on Monday announcing plans to acquire Meritor (NYSE: MTOR) for $3.7 billion in cash and assumed debt. Meritor is a maker of drivetrain, braking, and powertrain components for the commercial vehicle and industrial markets, a business that complements Cummins' core diesel engine operations well.
Western nations prepared further sanctions against Russia, which recognized two breakaway Ukrainian republics. Oil jumped, and bond yields moved higher.
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 in Troy, Michigan, has more than 9,600 employees serving commercial truck, trailer, off-highway, defense, specialty, and aftermarket cus
U.S. 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 or introduce electric cars and trucks. Cummins, whose customers include PACCAR, Navistar and Daimler, said it hoped to quicken Meritor's investment in electrification and integrate with its own segment that makes electrified power systems.