TROY, Mich. — ArvinMeritor has announced it will change its ticker symbol on the New York Stock Exchange from "ARM" to "MTOR," effective at the start of trading on March 30.
The ticker symbol change coincides with the company’s official name change at that time from "ArvinMeritor" to "Meritor," to reflect the completion of a multi-year transformation to focus entirely on commercial vehicle and industrial markets worldwide.
"The Meritor name is recognized in commercial vehicle and industrial markets around the world," said Chip McClure, chairman, CEO and president. "Meritor has established strong brand equity that our commercial vehicle and industrial customers associate with performance, efficiency and reliability. Changing the company’s name back to Meritor gives us the opportunity to leverage the strong reputation we’ve developed, and to build on it as we continue to define ourselves as the recognized leader in drivetrain, mobility, braking and aftermarket solutions."
The company initially assumed the name Meritor following the spin-off from Rockwell International Corp. in 1997. It remained Meritor until the merger with Arvin Industries, Inc. in 2000. Since that time, the company has marketed and sold product under the Meritor brand.
The CUSIP number for the common stock will change from 043353 10 1 (ARM) to 59001K 10 0 (MTOR).