Top Stories World

Navistar ready to accept Traton bid at $44.50 per share

Published

FILE PHOTO: A flag of Volkswagen’s truck unit Traton SE is pictured at Frankfurt Stock Exchange during Traton’s initial public offering (IPO) in Frankfurt, Germany, June 28, 2019. REUTERS/Ralph Orlowski

(Reuters) – U.S. truck maker Navistar International Corp NAV.N said on Friday it was prepared to accept a buyout from Volkswagen’s VOWG_p.DE Traton, if it raised its offer price to $44.50 per share.

Traton, Volkswagen’s truck unit, had previously offered $43 per share for Navistar.

Reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta

source: reuters.com