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Meritor Inc (MTOR.N)

MTOR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Maremont Corp takes action to achieve equitable and permanent resolution of asbestos claims
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - Meritor Inc ::MAREMONT CORPORATION, A MERITOR INC. NON-OPERATING SUBSIDIARY, TAKES ACTION TO ACHIEVE EQUITABLE AND PERMANENT RESOLUTION OF ASBESTOS CLAIMS.MERITOR INC - MAREMONT WILL SEEK TO ESTABLISH TRUST TO RESOLVE ASBESTOS CLAIMS UNDER SECTION 524(G) OF U.S. BANKRUPTCY CODE.MERITOR INC - MAREMONT WILL BEGIN SOLICITATION OF PREPACKAGED PLAN OF REORGANIZATION.MERITOR INC - MERITOR AND ALL NON-MAREMONT SUBSIDIARIES WILL CONTINUE TO OPERATE AS USUAL.MERITOR INC - MAREMONT AND ITS UNITS INTEND TO PETITION FOR VOLUNTARY CHAPTER 11 REORGANIZATION SHORTLY AFTER BALLOTS ARE TALLIED.MERITOR INC - FUNDING FOR TRUST TO HAVE $28 MILLION CONTRIBUTION BY CO,REPAYMENT OF INTERCOMPANY LOAN & CONTRIBUTION OF MAREMONT'S REMAINING ASSETS.MERITOR INC - MERITOR'S EQUITY INTERESTS IN MAREMONT WILL BE CANCELLED.  Full Article

Meritor, Inc. Announces Conversion Option For 7.875 PCT Convertible Senior Notes Due 2026
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Meritor Inc ::MERITOR, INC. ANNOUNCES CONVERSION OPTION FOR 7.875 PCT CONVERTIBLE SENIOR NOTES DUE 2026.MERITOR - ENTITLED TO CONVERT ALL OR PORTION OF THEIR NOTES AT ANY TIME BEGINNING OCTOBER 1, 2018 AND PRIOR TO CLOSE OF BUSINESS ON DECEMBER 31, 2018.MERITOR - ENTITLED TO CONVERT ALL OR PORTION OF NOTES AT A RATE OF 83.3333 SHARES OF COMMON STOCK PER $1,000 PRINCIPAL AMOUNT AT MATURITY OF NOTES.  Full Article

Meritor Reports Q3 Earnings Per Share $0.71
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Meritor Inc ::MERITOR REPORTS THIRD-QUARTER FISCAL YEAR 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.89 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $0.73 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $0.71.Q3 SALES ROSE 23 PERCENT TO $1.129 BILLION.SEES REVISED 2018 REVENUE TO BE APPROXIMATELY $4.1 BILLION.SEES REVISED 2018 ADJUSTED DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS TO BE IN RANGE OF $2.90 TO $3.00.SEES REVISED 2018 FREE CASH FLOW TO BE IN RANGE OF $135 MILLION TO $145 MILLION.  Full Article

Meritor Acquires AA Gear And Manufacturing
Monday, 30 Apr 2018 

April 30 (Reuters) - Meritor Inc ::MERITOR ACQUIRES AA GEAR & MANUFACTURING.MERITOR INC - TERMS OF TRANSACTION WERE NOT DISCLOSED.  Full Article

Meritor Realigns Operating Segments To Drive Long-Term Objectives
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Meritor Inc ::MERITOR REALIGNS OPERATING SEGMENTS TO DRIVE LONG-TERM STRATEGIC OBJECTIVES.MERITOR INC - ANNOUNCED REALIGNMENT OF ITS OPERATING SEGMENTS; SAYS ASSIGNING NEW RESPONSIBILITIES.  Full Article

Meritor Sees FY 2019 Revenue $3.95 Bln
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Meritor Inc ::SEES FY 2019 REVENUE $3.95 BILLION; SEES FY 2019 ADJUSTED EARNINGS PER SHARE $2.84; SEES FY 2019 ADJUSTED EBITDA $455 MILLION - SEC FILING.FY2019 EARNINGS PER SHARE VIEW $2.84 -- THOMSON REUTERS I/B/E/S.  Full Article

Meritor reports Q4 earnings per share $2.63 from continuing operations
Wednesday, 15 Nov 2017 

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 says issued $325 mln aggregate principal amount of its 3.25 pct convertible senior notes due 2037​
Monday, 25 Sep 2017 

Sept 25 (Reuters) - Meritor Inc :Meritor Inc says ‍on September 22, 2017, Meritor issued $325 million aggregate principal amount of its 3.25% convertible senior notes due 2037​ - SEC Filing.Meritor Inc - convertible senior notes will mature on October 15, 2037, unless earlier converted, redeemed or repurchased.  Full Article

Factbox: Manufacturers' plans for electric big rig trucks

Since Tesla Inc announced late last year that it planned to come to market by 2019 with an all-electric Class 8 big rig truck called the Semi, other companies have unveiled their own plans to do the same. Here is a list of the planned vehicles: