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Auto Manufacturers M&A image Auto Manufacturers M&A » By The Online Investor Staff, updated Sat., Mar. 28, 4:08 PM Recent mergers and acquisitions in the Auto Manufacturers M&A category.

Slide #14. Mahindra & Mahindra Ltd. Navistar International Corporation

Acquirer: Mahindra & Mahindra Ltd.
Acquiree: Navistar International Corporation (NYSE:NAV)
Details: 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.



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Company Name: 
Navistar International Corp.
Website: 
www.navistar.com
Sector: 
Auto Manufacturers
Number of ETFs Holding NAV: 
31
Total Market Value Held by ETFs: 
$123.75M
Total Market Capitalization: 
$1.90B
% of Market Cap. Held by ETFs: 
6.51%
 

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Quotes delayed 20 minutes



Hold (2.22 out of 4)
9th percentile
(ranked lower than approx. 91% of all stocks covered)
Based on Zacks ABR data;
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