September 11, 2017 / 12:35 PM / 2 months ago

BRIEF-Meritor says court dissolved 2006 injunction

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​ Source text: (bit.ly/2wU2FkP) Further company coverage:

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