WebFeb 22, 2024 · Mercedes-Benz Group AG Feb 22 (Reuters) - U.S. truck engine maker Cummins Inc (CMI.N) said on Tuesday it will buy auto parts maker Meritor Inc … WebFeb 22, 2024 · Cummins' offer of $36.50 per Meritor share represents a premium of 49.5% to its Friday's close. Meritor shares were up 43% before the bell. The deal, which is valued at $3.7 billion on an ...
Cummins to Buy Meritor, Accelerate Fleet Electrification
WebFeb 22, 2024 · Cummins Inc., a leading manufacturer of diesel engines for commercial trucks, said Tuesday it will acquire Meritor Inc., which supplies drivetrain, mobility, … WebFeb 22, 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 ... greenpeace nice to know
Cummins will buy Meritor for $3.7B - FreightWaves
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 22, 2024 · According to the agreement, Cummins will pay $36.50 in cash per Meritor share for a total value of approximately $3.7 billion. The acquisition is expected to position Cummins as one of the few companies able to provide integrated powertrain solutions across combustion and electric power applications. On Feb. 22, Cummins leadership … WebFeb 22, 2024 · 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 acquire Meritor Inc., merging their distinct traditional and advanced technology components. “The two companies are largely complementary,” … fly rsw to pit