Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / TEN - Cummins' Bid For Meritor Underlines The Value Of Quality ICE/EV Component Portfolios

TEN - Cummins' Bid For Meritor Underlines The Value Of Quality ICE/EV Component Portfolios

Tenneco Inc. Class A Voting
  • Cummins announced that it is acquiring Meritor for $36.50/share in cash.
  • Meritor brings a market-leading position in axles and brakes in commercial vehicles and further accelerates Cummins' efforts to consolidate ICE powertrain components.
  • Meritor also brings very credible electrification technology focused around e-axles, giving Cummins more options for development and integration in electrified powertrains.
  • At a 10% premium to my own fair value estimate, I think Cummins' bid is fair, as it removes execution and cycle risk at a premium price.

For further details see:

Cummins' Bid For Meritor Underlines The Value Of Quality ICE/EV Component Portfolios
Stock Information
Company Name: Tenneco Inc. Class A Voting
Stock Symbol: TEN
Market: NYSE
Website: tenneco.com
Menu
TEN TEN Quote TEN Short TEN News TEN Articles TEN Message Board
Get TEN Alerts

News, Short Squeeze, Breakout and More Instantly...