{"id":14705,"date":"2022-08-23T19:54:46","date_gmt":"2022-08-23T19:54:46","guid":{"rendered":"https:\/\/www.basham.com.mx\/?p=14705"},"modified":"2022-08-23T19:54:46","modified_gmt":"2022-08-23T19:54:46","slug":"la-cofece-aprobo-la-adquisicion-de-meritor-inc-por-parte-de-cummins-inc","status":"publish","type":"post","link":"https:\/\/basham.com.mx\/en\/la-cofece-approves-acquisition-of-inc-meritor-by-cummins-inc\/","title":{"rendered":"The COFECE approved the acquisition of Meritor Inc. by Cummins Inc."},"content":{"rendered":"<p style=\"text-align: right;\"><b>Mexico City, August 23, 2022.<\/b><\/p>\n<p>&nbsp;<\/p>\n<p>On July 12, 2022, the Comisi\u00f3n Federal de Competencia Econ\u00f3mica (\"COFECE\") authorized the acquisition of Meritor Inc. by Cummins Inc. a publicly traded company listed on the New York Stock Exchange and engaged in the manufacture of automobile, truck and military transportation components, a publicly traded company listed on the New York Stock Exchange and engaged in the design, manufacture and marketing of diesel engines and fuel systems.<\/p>\n<p>In order to obtain COFECE's authorization, Meritor Inc. was advised by Basham, Ringe y Correa, S.C. (Mexico City). As a result, the acquisition of Meritor Inc. by Cummins Inc. for approximately US$$3.7 billion was approved.<\/p>\n<p>Meritor Inc. had sales of US$3.8 billion in 2021 and has a presence in the Americas, Europe and Asia, while Cummins Inc. reported sales of US$3.5 billion in the same period and has a presence in the Americas, Europe, Asia and Africa.<\/p>\n<p>Attorneys who participated:<\/p>\n<p>Partner: Amilcar Peredo<\/p>\n<p>Associate: Le\u00f3n Jim\u00e9nez<\/p>","protected":false},"excerpt":{"rendered":"<p>Ciudad de M\u00e9xico, 23 de agosto de 2022. &nbsp; El pasado 12 de julio del 2022, la Comisi\u00f3n Federal de Competencia Econ\u00f3mica (\u201cCOFECE\u201d) autoriz\u00f3 la adquisici\u00f3n de Meritor Inc., empresa p\u00fablica que cotiza en la Bolsa de Valores de Nueva York y que se dedica a la fabricaci\u00f3n de componentes de autom\u00f3viles, camiones, y transporte [&hellip;]<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[1311,1346,1252],"tags":[],"class_list":["post-14705","post","type-post","status-publish","format-standard","hentry","category-bancario-y-financiero","category-competencia-economica","category-espanol"],"_links":{"self":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/14705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/comments?post=14705"}],"version-history":[{"count":0,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/posts\/14705\/revisions"}],"wp:attachment":[{"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/media?parent=14705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/categories?post=14705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/basham.com.mx\/en\/wp-json\/wp\/v2\/tags?post=14705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}