TRATON increases offer for common shares of Navistar to USD 43.00
TRATON expects that the independent members of Navistar’s Board of Directors will now review the increased offer. The offer remains subject to a satisfactory due-diligence process as well as negotiation and a common understanding as regards the merger agreement. This merger agreement, which has yet to be worked out, would be subject to final approval by the boards of TRATON and Volkswagen AG, and by the Board of Directors of Navistar and the company’s stockholders.
Sep 12, 2020 at 16:16