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Name | Symbol | Market | Type |
---|---|---|---|
Siemens AG (PK) | USOTC:SIEGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.25 | 1.32% | 95.59 | 95.58 | 95.73 | 96.20 | 95.049 | 96.00 | 54,773 | 18:50:39 |
By Colin Kellaher
Meritor Inc. on Friday agreed to buy Siemens AG's commercial-vehicles business for about 190 million euros ($201 million) in cash, Meritor said.
The Siemens business, which has about 200 employees in Germany, China and the U.S., develops, designs and produces electric drive systems, Troy, Mich., auto-parts maker Meritor said.
Cummins Inc., which earlier this year agreed to buy Meritor for more than $2.5 billion, supports the Siemens deal, which is slated to close by the end of the year, Meritor said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 20, 2022 07:29 ET (11:29 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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