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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 opti...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Meritor (NYSE: MTOR ) stock is on the move today as investors react to news about an acquisition deal with Cummins (NYSE: CMI ). Source: Shutterstock.com Let’s dive into that news below to see why...
Truck engine maker Cummins (NYSE: CMI) is making a big bet on the electrification of the transportation sector, on Monday announcing plans to acquire Meritor (NYSE: MTOR) for $3.7 billion in cash and assumed debt. That's a significant premium over Meritor's Friday close, and...
Select auto parts stocks gained in early trading on Tuesday following a blockbuster merger announcement between Cummins (CMI +0.2%) and Meritor (MTOR +45.6%). Notable gainers included XL Fleet (NYSE:XL) +4.5%, Dana (NYSE:DAN) +1.4%, Visteon Corporation (NASDAQ:VC) +4.2%, Stoneridge (NYSE:SRI)...
A huge deal was announced in the auto industry on Monday with Cummins (NYSE:CMI) striking a deal to acquire Meritor (NYSE:MTOR). Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share for a total transaction value of approximately $3.7B, including assumed deb...
Transaction will strengthen Cummins’ industry-leading range of powertrain components and accelerate development of electrified power solutions Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) today announced that they have entered into a definitive agreement un...
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--News Direct-- Global power leader Cummins Inc. is developing the industry’s first unified, fuel-agnostic engines, using engine blocks and core components sharing common architectures that can be optimized for different low-carbon fuel types. These new fuel-agnostic engine...
Barron’s fifth-annual (February 11, 2022) ranking of the most-sustainable (M-S) companies "took 1,000 largest publicly-traded companies by market-value, then ranked-each by-performance for five key-constituencies: shareholders, employees, customers, community, and the-planet." ...
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Building on a History of Innovation To Deliver the Solutions Customers and the Planet Need Cummins NORTHAMPTON, MA / ACCESSWIRE / August 2, 2024 / The history of Cummins is rooted in innovation, driven first by the company's founders Clessie Cummins and W.G. Irwin. They believed in the ...
2024-08-01 20:15:02 ET Goldman Sachs analyst issues NEUTRAL recommendation for CMI on August 1, 2024 06:44PM ET. The previous analyst recommendation was Neutral. CMI was trading at $306.09 at issue of the analyst recommendation. The overall analyst consensus : BUY. C...
A look at the top 10 most actives in the United States NVIDIA Corporation (NVDA) fell 6.7% to $109.21 on volume of 508,402,989 shares Redhill Biopharma Ltd. (RDHL) rose 97.9% to $0.76 on volume of 355,380,053 shares PROSHARES TRUST (SQQQ) rose 7.3% to $9.22 on volume of 284,777,109 shares ...