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Meritor Inc (MTOR.N)

MTOR.N on New York Stock Exchange

23.71USD
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Latest Key Developments (Source: Significant Developments)

Meritor reports Q4 earnings per share $2.63 from continuing operations
Wednesday, 15 Nov 2017 06:45am EST 

Nov 15 (Reuters) - Meritor Inc :Meritor reports fourth-quarter and fiscal year 2017 results.Q4 adjusted earnings per share $0.62 from continuing operations.Q4 earnings per share $2.63 from continuing operations.Q4 sales rose 27 percent to $922 million.Meritor Inc - ‍believe new business wins secured during fiscal 2017 will contribute about $160 million in revenue during fiscal 2019​.Meritor Inc - ‍sees 2018 adjusted diluted earnings per share from continuing operations to be in range of $2.20 to $2.40​.Meritor Inc - sees ‍fy 2018 revenue to be in range of $3.6 billion to $3.7 billion​.Q4 earnings per share view $0.44, revenue view $839.6 million -- Thomson Reuters I/B/E/S.  Full Article

Meritor announces notice of redemption of all of its outstanding 6.750% notes due 2021
Tuesday, 3 Oct 2017 06:45am EDT 

Oct 3 (Reuters) - Meritor Inc : :Meritor announces notice of redemption of all of its outstanding 6.750% notes due 2021.Meritor Inc - ‍redemption date is Nov. 2, 2017 and redemption price will be equal to $1,033.75 per $1,000 principal amount of notes​.  Full Article

Meritor announces pricing of unsecured convertible senior notes
Wednesday, 20 Sep 2017 06:45am EDT 

Sept 20 (Reuters) - Meritor Inc :Meritor announces pricing of unsecured convertible senior notes.Pricing on September 19, 2017 of $300 million aggregate principal amount of its 3.25% convertible senior notes due 2037​.Company will pay 3.25% cash interest on principal amount of notes semi-annually​.Notes will mature on October 15, 2037​.  Full Article

Meritor announces proposed offering of unsecured convertible senior notes
Monday, 18 Sep 2017 06:45am EDT 

Sept 18 (Reuters) - Meritor Inc :Meritor announces proposed offering of unsecured convertible senior notes.Meritor Inc - intends to offer $300 million aggregate principal amount of unsecured convertible senior notes due 2037​.Meritor Inc - expects to use net proceeds from offering of notes to purchase, redeem or otherwise repay a portion of its outstanding debt.  Full Article

WABCO Holdings to buyout Meritor WABCO joint venture
Monday, 18 Sep 2017 06:30am EDT 

Sept 18 (Reuters) - WABCO Holdings Inc :WABCO consolidates operations in North American commercial vehicle market through agreement to buyout of Meritor WABCO joint venture.After closure of buyout, agreed for Meritor to continue to be exclusive distributor for certain range of aftermarket products in U.S., Canada​.Agreement signed to purchase Meritor Inc's stake in Meritor WABCO joint venture​.Co, Meritor have option to terminate distribution arrangements at certain points during first three and half years​.Parties may terminate distribution arrangements for an exercise price between $225 million and $265 million based on earnings of business​.WABCO to continue to have exclusive access to winter test track in Sault St. Marie, joint access to year-round test track in East Liberty, Ohio.Following closure of buyout, WABCO has agreed for Meritor to continue to be its non-exclusive distributor in Mexico​.  Full Article

Meritor says court dissolved 2006 injunction
Monday, 11 Sep 2017 08:33am EDT 

Sept 11 (Reuters) - Meritor Inc ::Meritor - ‍on Sept 6, court dissolved 2006 injunction barring modification of benefits provided by co to class of United Auto Workers employee retirees​.Meritor says ‍on Sept 8, co determined to modify benefits provided to certain former union employee retirees​ - SEC filing.Meritor Inc - ‍in fiscal year 2017, co expects the benefit modifications will reduce retiree medical liability by about $315 million​.Meritor - ‍benefit modifications expected to result in reduction in annual cash benefit payments from $32 million in 2017 to about $15 million in 2018, 2019​.  Full Article

Meritor announces acquisition of product portfolio, technologies of Fabco Holdings
Tuesday, 5 Sep 2017 08:00am EDT 

Sept 5 (Reuters) - Meritor Inc ::Meritor announces acquisition of product portfolio and technologies of Fabco Holdings, Inc.Meritor Inc - ‍terms of transaction were not disclosed​.Meritor Inc - ‍terms of transaction were not disclosed​.  Full Article

Meritor announces notice of partial redemption of notes due 2021
Friday, 18 Aug 2017 08:30am EDT 

Aug 18 (Reuters) - Meritor Inc :Meritor announces notice of partial redemption of $100,000,000 aggregate principal amount of its 6.750% notes due 2021.Redemption price will be equal to $1,033.75 per $1,000 principal amount of notes to be redeemed plus accrued and unpaid interest, if any​.  Full Article

Meritor reports Q3 earnings per share $0.51
Wednesday, 2 Aug 2017 08:00am EDT 

Aug 2 (Reuters) - Meritor Inc :Meritor reports third-quarter fiscal year 2017 results.Q3 adjusted earnings per share $0.64 from continuing operations.Q3 earnings per share $0.52 from continuing operations.Q3 earnings per share $0.51.Q3 sales $920 million.Meritor Inc sees FY 2017 revenue to be approximately $3.25 billion.Meritor Inc sees FY 2017 diluted earnings per share and diluted earnings per share from continuing operations of approximately $1.20.Meritor Inc sees FY 2017 adjusted diluted earnings per share from continuing operations to be approximately $1.70.Q3 earnings per share view $0.46, revenue view $848.1 million -- Thomson Reuters I/B/E/S.  Full Article

Revenue Group and‍ Meritor report new standard supplier agreement​
Thursday, 13 Jul 2017 08:00am EDT 

July 13 (Reuters) - Meritor Inc ::Revenue Group Inc - co,‍ Meritor Inc announced a new standard supplier agreement​.Revenue Group Inc- ‍under terms of 3-year agreement, revenue group will equip its bus, fire and specialty vehicles with meritor's fully dressed axle assemblies​.  Full Article