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Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to Meritor, Inc. (NYSE: MTOR) in connection with its acquisition by Cummins Inc. (NYSE: CMI) in an all-cash transaction for $36.50 per share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash. Closing of the transaction is subject to customary conditions, including approval of Meritor shareholders and regulatory approvals.

Meritor, headquartered in Troy, Michigan, is a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. With more than a 110-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions.

The Simpson Thacher team includes Caroline Gottschalk and Alisha Tupchong (M&A).