TRATON Group and Navistar International Corp. (NYSE: NAV) reached a definitive agreement on TRATON’s $3.7 billion takeover of the maker of International trucks and IC buses on Saturday. The deal concludes TRATON’s on-again, off-again four-year pursuit.
TRATON is paying $44.50 a share for the 83% of Navistar it does not already own. The transaction is expected to close in mid-2021. The board of Volkswagen AG, the largest shareholder and one-time parent of TRATON, voted in favor of the merger and...
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