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Slide #14. Mahindra & Mahindra Ltd. — Navistar International Corporation
Mahindra & Mahindra Ltd.
Navistar International Corporation (NYSE:NAV)
Mahindra & Mahindra Ltd. (M&M) and Navistar International Corporation announced today that Mahindra intends to purchase Navistar Group's stake in Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL). Following the purchase, both MNAL and MNEPL would become wholly owned subsidiaries of Mahindra. Mahindra would take complete ownership of operations and continue to sell MNEPL and MNAL products. The sale requires regulatory approval in India, is subject to the conclusion of definitive agreements, and is expected to be completed in early 2013.
Hold (2.25 out of 4)
(ranked lower than approx. 90% of all stocks covered)
Based on Zacks ABR data;
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