Shareholder Alert: Ademi LLP investigates whether Meritor, Inc. has obtained a Fair Price in its transaction with Cummins.

Key Facts

MILWAUKEE, Feb. 22, 2022 /PRNewswire/ -- Ademi LLP is investigating Meritor (NYSE: MTOR) for possible breaches of fiduciary duty and other violations of law in its transaction with Cummins.
Ademi LLP alleges Meritor's financial outlook and prospects are excellent and yet Meritor shareholders will receive only $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash..
The merger agreement unreasonably limits competing bids for Meritor by prohibiting solicitation of further bids, and imposing a significant penalty if Meritor accepts a superior bid.
We are investigating the conduct of Meritor's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Meritor.