TRATON Group is giving Navistar International Corp. (NYSE:NAV) until noon Friday to accept its $43-a-share bid for the 83% of the company it does not already own.
In a letter to Navistar Executive Chairman Troy Clarke, TRATON said its Sept. 14 offer, raised from a January bid of $35 a share, “fully values” the Lisle, Illinois-based truck maker.
“We still believe that this price of $43 per share reflects an extremely attractive premium to Navistar shareholders (a premium of 46% over Navistar’s...
https://www.freightwaves.com/news/news-alert-traton-sets-friday-deadline-for-navistar-bid