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Meritor & Arvin Set Date for Merger Approval Meetings

9 June 2000

    TROY, Mich., and COLUMBUS, Ind. - Meritor Automotive and Arvin Industries
announced that they will hold special meetings of their respective stockholders 
on July 6, 2000, to gain approval of their proposed merger, which was first
announced on April 6, 2000.

    Pursuant to the terms of the merger agreement, Meritor and Arvin will be
combined to form a new company, ArvinMeritor, Inc., to be headquartered in
Troy, Mich., and incorporated in the State of Indiana, with combined annual
revenue of $7.5 billion.

    The special meeting of Meritor stockholders will be held at Meritor's
corporate headquarters in Troy, Mich., on July 6, 2000, beginning at 10 a.m.,
local time, and the special meeting of Arvin stockholders will be held at
Arvin's corporate headquarters in Columbus, Ind., on July 6, 2000, beginning
at 9 a.m., local time.  Meritor and Arvin each has set May 31, 2000, as the
record date for determining stockholders of Meritor and Arvin entitled to
attend and vote at their respective special meetings.

    In addition, Meritor and Arvin announced that ArvinMeritor's Registration
Statement filed with the Securities and Exchange Commission in connection with
the merger has been declared effective by the Commission, and that Meritor and
Arvin are mailing a joint proxy statement-prospectus to their respective
stockholders.

    In addition to stockholder approval, the merger is subject to receipt of
customary regulatory approvals.  Meritor and Arvin have received notice from
the Federal Trade Commission of early termination of the waiting period under
the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended, with
respect to their proposed merger.  Meritor and Arvin also have received notice
of approval of the merger by the European Commission.  Under the terms of the
merger agreement, Arvin stockholders will receive one share of ArvinMeritor
common stock plus $2.00 of cash, at the time of the exchange, for each share
of Arvin common stock, while Meritor stockholders will receive 0.75 shares of
ArvinMeritor common stock for each share of Meritor common stock.  After the
merger, Meritor stockholders will own approximately 65.8 percent and Arvin
stockholders will own approximately 34.2 percent of ArvinMeritor's shares.

    Meritor, with 1999 sales of $4.5 billion, is a global supplier of a broad
range of systems and components for commercial, specialty and light vehicle
OEMs and the aftermarket.  Meritor consists of two businesses:  Heavy Vehicle
Systems, a leading supplier of complete drivetrain systems and components for
medium- and heavy-duty trucks, trailers and off-highway equipment and
specialty vehicles, including military, bus and coach, and fire and rescue;
and Light Vehicle Systems, a major supplier of roof, door, access control and
suspension systems, and wheel products for passenger cars, light trucks and
sport utility vehicles.  

    Arvin Industries, Inc., with 1999 sales of $3.1 billion, is a global
manufacturer of automotive components with more than 60 manufacturing
facilities and six technical centers located in 22 countries.  Arvin is a
leading manufacturer of automotive exhaust systems; ride control products;
air, oil and fuel filters; and gas-charged lift supports.  Its products are
sold under various trademarks including Arvin, Maremont, Timax, ANSA and ROSI
exhaust systems; Gabriel and RydeFX shock absorbers; Purolator filters; and
StrongArm gas-charged lift supports.