While Lear (LEA) grabs headlines on buyout deals with Thagora and IGB, Group 1 (GPI) cheers investors with dividend hike and buyback boost.
Meritor (MTOR) inks deal to take over Siemens' Commercial Vehicles unit for 190 million pound. The agreement looks to bolster Meritor's electrified portfolio.
Meritor, Inc. (NYSE: MTOR) today announced that it has entered into an agreement with Siemens to acquire its Commercial Vehicles business for approximately €190 million in cash, adjusted for changes in working capital at closing. The transaction is expected to close by calendar year-end, subject to regulatory approvals and customary closing conditions.