Nov 7 (Reuters) - Volkswagen AG’s truck unit Traton SE has signed a merger agreement with U.S. truck maker Navistar International Corp, the company said in a statement on Saturday. (Courtesy: Navistar) MUNICH and LISLE, Ill. — TRATON SE and Navistar International Corp. announced Nov. 7 that the two companies have reached a definitive merger agreement. The merger of Navistar International Corp. (NYSE: NAV) and Volkswagen AG's (OTC: VWAGY) TRATON Group drew closer Tuesday when Navistar shareholders … Navistar International Corporation ("Navistar") (NYSE: NAV), a leading U.S. truck maker, announced that, at its annual meeting of stockholders held today, stockholders approved TRATON… Volkswagen Group’s truck unit Traton SE has finalized its deal with Navistar International, agreeing to pay about $3.7 billion for the U.S. truck maker’s outstanding shares.. The board of Volkswagen AG, the largest shareholder in TRATON, voted in favor of the merger. Navistar Stockholders Approve Acquisition by TRATON Stockholders Approve All Proposals at 2021 Annual Meeting PR Newswire LISLE, Ill., … It concludes TRATON’s on-again, off-again four-year pursuit. TRATON currently owns 16.7 percent of Navistar's common stock. Previously, TRATON held 16.7% of Navistar’s common shares. Moving one step closer to being acquired, Navistar International Corp. announced stockholders approved Traton SE’s proposal to buy all of Navistar’s outstanding common shares … In November, Volkswagen’s TRATON group and Navistar announced a merger agreement in which TRATON will acquire all outstanding shares of Navistar. Traton SE already has a 16.7% stake in Navistar. The major Traton (Volkswagen AG) and Navistar (NAV) buyout news updates & events are listed below.An invaluable data source for traders & investors looking to familiarize themselves with the Traton takeover of Navistar (NAV) and trade the risk arbitrage spread.Following the acquisition news and events section, there are in-depth company profiles. The merger between TRATON SE and Navistar International Corp. has been finalized, with TRATON purchasing all outstanding shares at a total cost of nearly $3.7 billion. The deal is valued at $3.7 billion and is expected to be finalized in mid-2021. S&C Advises Navistar in Merger Agreement with TRATON November 9, 2020 Navistar International Corporation has entered into an agreement with Germany's TRATON SE in which TRATON will pay $3.7 billion to acquire all of the outstanding common shares of Navistar that it does not already own. TRATON SE (“TRATON”), one of the world’s largest commercial vehicle manufacturers, and Navistar International Corporation (“Navistar”) (NYSE: NAV), a leading U.S. truck maker, today announced that they have entered into a definitive merger agreement pursuant to which TRATON will become the owner of all of the outstanding common shares of Navistar not already owned by TRATON … Navistar is a leading manufacturer of commercial trucks, buses, defense vehicles and engines. TRATON is paying $44.50 a share for the 83% of Navistar it does not already own. It first proposed acquiring Navistar in January, making an initial offer of $35 per share in cash. The merger is expected to close in mid-2021. That …
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