Traton close to buying rest of Navistar stock - report

Friday, 16. October 2020 14:33

Volkswagen AG's truck manufacturing division Traton SE is close to reaching a deal to acquire the remainder of Navistar International Corp.'s stock, CNBC's David Faber reported on Friday.

"Traton and Navistar are very close to a deal for Traton to acquire what it does not own of the company for $44.50 a share, say people close to the negotiations. Carl Icahn and Mark Rachesky are supporting deal, which still needs formal approval, but has been agreed to verbally," the journalist tweeted.

Traton previously set October 16 as the deadline for the agreement to be reached.

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Breaking the News / MD