Report: TRATON-Navistar merger talks heat up
Acquisition would clear path to North American truck market
Thursday, September 3, 2020
Seven months after TRATON SE offered $2.9 billion offer to acquire the rest of Navistar International Corp. the on-again, off-again merger talks may be heating up, according to a Bloomberg report.
TRATON is the truck holding company of German automaker Volkswagen AG. It owns about 16.7% of Navistar, which builds International-brand trucks, school buses, defense vehicles and engines.
On Jan. 30, TRATON offered $35 a share in cash for the rest of Navistar shares. But it may not be enough. Navistar’s shares rose 5.63% on Thursday, closing at $35.28.
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