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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Navistar International Corp | NYSE:NAV | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 44.50 | 0 | 01:00:00 |
From May 2019 to May 2024
By Giulia Petroni
Traton SE said Thursday that it increased its offer for the acquisition of all outstanding shares of truck manufacturer Navistar International Corp. to $43 a share in cash from $35 a share.
Volkswagen AG-subsidiary Traton already holds 16.8% of Illinois-based Navistar. The new deal would be worth $3.6 billion, compared with the original offer of $2.9 billion.
Traton added Volkswagen has confirmed its general intention to provide funds to finance an increased offer. The proposal is subject to a satisfactory due-diligence process and approval of the merger agreement.
Navistar shares closed at $35.84 on Wednesday.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 10, 2020 10:01 ET (14:01 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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