Commercial truck and industrial equipment manufacturer by Cummins Inc. Following the announcement of the agreement to be acquired by CMI, Meritor Inc. Shares of mTOR rose 43.3% in premarket trading Tuesday, up -2.37%, up -0.29% in a cash deal to $3.7 billion, which includes debt and accrued cash. Cummins' stock changed slightly ahead of the open. Under the terms of the deal, Cummins will pay $36.50 for each meritor share outstanding, representing a 48% premium to Friday's stock closing price of $24.67, and the stock's highest price since May 1998. The buyout bid price refers to the market capitalization. For Meritor of $2.58 billion. "The integration of Meritor's people, technology and capabilities will establish Cummins as one of the few companies capable of providing integrated powertrain solutions in combustion and electric power applications," the companies said in a statement. "This is the right time to pursue this combination as the demand for decarbonized solutions accelerates." Shares of Meritor are down 14.7% in the past three months since Friday, and Cummins stock is down 4.4%, while the S&P 500 SPX is down 7.1%, down -0.72%.