Meritor announces termination of distribution agreement with Wabco holdings subsidiary

The distribution agreement between Meritor and a subsidiary of WABCO Holdings, Inc. has been terminated

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.

SOURCE: Meritor

https://www.automotiveworld.com/news-releases/meritor-announces-termination-of-distribution-agreement-with-wabco-holdings-subsidiary-2/

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