Westport takeover by CMI highly unlikely, says JPMorgan JPMorgan says shares of Westport Innovations (WPRT) rallied Friday on a report that Cummins (CMI) is looking to acquire the company at $42 per share. The firm views a potential deal as highly unlikely and says the $42 per share price makes little sense. JPMorgan keeps a Neutral rating on shares of Westport.
Westport provides liquid propane systems for F-150 trucks Westport (WPRT) announced the company will offer dedicated, liquid propane systems for 2016 Ford (F) 5.0L F-150 trucks. This new liquid propane system will be offered in addition to Westport's compressed natural gas package for 2016 Ford F-150 trucks. Both fuel options are part of the Westport WiNG Power System and are expected to be certified to EPA and CARB standards.