We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Meritor, Inc. (“Meritor” or the “Company”) (NYSE: MTOR), in connection with the proposed acquisition of the Company by Cummins Inc. (“Cummins”)(NYSE: CMI). Under the terms of the merger agreement, the Company’s shareholders will receive $36.50 in cash for each share of Meritor common stock that they hold. The transaction is valued at approximately $3.7 billion.
WeissLaw LLP is investigating whether (i) Meritor’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $36.50 per-share merger consideration adequately compensates Meritor’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.