DOW JONES21,413.44+469.93 2.24%
S&P 5002,526.90+56.40 2.28%
NASDAQ7,487.31+126.73 1.72%

Meritor Announces Termination Of Distribution Agreement With WABCO Holdings Subsidiary; Co. Was Paid $265M In Connection With Termination

Meritor, Inc. (NYSE: MTOR) today announced that the distribution agreement between Meritor and a subsidiary of WABCO Holdings, Inc. has been terminated, effective March 13, 2020. Meritor was paid $265 million in

Benzinga · 03/16/2020 12:19

Meritor, Inc. (NYSE: MTOR) today announced that the distribution agreement between Meritor and a subsidiary of WABCO Holdings, Inc. has been terminated, effective March 13, 2020. Meritor was paid $265 million in connection with the termination of the agreement.