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...
Tag: Meritor
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 powertra...