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CMI / Meritor shares shoot up by 45% after announcing it'd be acquired by Cumins

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 powertrain, aftermarket, braking, mobility and drivetrain options for industrial and commercial vehicle markets, will be acquired by Cumins. . According to the agreement, Cumins will pay Meritor $36.50 in cash […] The post Meritor shares shoot up by 45% after announcing it'd be acquired by Cumins appeared first on Invezz. Read More

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Posted: Feb 22 2022, 14:49

Author Name: Invezz

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