Meritor Announces Sale of Brazilian Joint Venture for $195M
July 30, 2013 at 17:03 PM EDT
Meritor, Inc. (NYSE: MTOR ) today announced that it has completed the sale of its 50 percent ownership interest in Suspensys Sistemas Automotivos Ltda. to its joint venture partner Randon S.A. Implementos e Participacoes. The purchase price at closing for Meritor's ownership interest was $195 million in cash and
