Meritor Inc
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A maker of axles, brakes, drivetrains, and suspension parts that keep heavy trucks, buses, and trailers rolling, the company was born in 1997 when Rockwell International spun off its automotive division. It merged with Arvin Industries in 2000 to become ArvinMeritor, then reclaimed the shorter name Meritor in 2011 — a coinage that fuses 'merit' with the '-or' ending of 'inventor'.
4% Convertible Senior Unsecured Step Coupon Note due February 15, 2027
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