ACEA reported a 17% year-over-year decline in the European heavy truck registrations in November. The European truck production has the largest incremental impact on Paccar’s (NASDAQ: PCAR) DAF nameplate, Cummins (NYSE: CMI), Eaton Corp (NYSE: ETN), Allison Transmission (NYSE: ALSN), Modine Manufacturing (NYSE: MOD), Commercial Vehicle Group (NASDAQ: CVGI) and Actuant Corp’s Engineered Solutions segment. Total Europe truck registrations were down 17% YoY in November and down 15 more »
Mueller Industries, Inc. (NYSE: MLI) in an amended 13G filing earlier this week announced plans to repurchase all 10,422,859 of the shares owned by Leucadia National Corp. (NYSE: LUK) for $41.00. The aggregate price comes in at $427,337,219 and represents Leucadia’s entire stake in Mueller. Muller traded around $48 prior to the announcement, but is down by 6% this week on the news.
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