USA: Arvin Industries and Meritor Automotive Shareholders Approve Merger
At special meetings held today, shareholders of Arvin Industries, Inc. (NYSE:) and Meritor Automotive, Inc. (NYSE:), approved the merger of the two companies. As a result, the two will merge to form ArvinMeritor, Inc. (NYSE:), a $7.5 billion global automotive supplier. The companies expect the merger to take effect late Friday, July 7, 2000. ArvinMeritor stock is scheduled to begin trading on the New York Stock Exchange on Monday, July 10, 2000, under the ticker symbol "ARM."
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