Navistar International (NAV) approached by Volkswagen AG Unit TRATON

POTENTIAL DEAL DETAILS

Stock Navistar International Corporation Symbol NAV
Date Announced 01/30/2020 Source Press Release
Type Unsolicited Bid Acquiring Company/Person Volkswagen AG Unit TRATON

Navistar International Corporation (NAV) today confirmed that it has received an unsolicited proposal from TRATON SE regarding a potential transaction to acquire the company for $35 per share in cash.

Update(s): 

January 31, 2020: Volkswagen AG offered to buy the rest of Navistar International Corp. (NAV) in a $2.9 billion bid to secure a bridgehead in the U.S. heavy-truck market and step up its challenge to Daimler AG and Volvo AB.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.

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