WebFeb 22, 2024 · Cummins Inc. and Meritor Inc. announced that they have entered into a definitive agreement under which Cummins will acquire Meritor. 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 assumed debt and net of acquired cash. 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,” …
Cummins Completes Acquisition of Meritor :: Cummins Inc. (CMI)
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' 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 ... how to scan wirelessly brother printer
Engine maker Cummins to buy Meritor for $2.6 bln in electric parts push
WebMay 20, 2024 · Alan Adler. · Friday, May 20, 2024. Meritor is buying Siemens' electronic propulsion business for $201 million. (Image: Siemens) Even as its $3.7 billion merger with Cummins Inc. proceeds, Meritor Inc. said Friday it has agreed to purchase the Siemens Commercial Vehicles electric propulsion business. The move would bulk up its … WebFeb 22, 2024 · U.S. truck engine maker Cummins Inc. said on Tuesday it is acquiring truck parts supplier Meritor Inc. for $2.58 billion in cash in a bid to beef up its electric and … WebFeb 22, 2024 · Cummins Inc. agreed to buy Meritor Inc. for $2.58 billion to gain axle and brake technology for hybrid-electric and plug-in vehicle technology. Cummins will pay … how to scan with an hp printer