Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 4, 1:38 PM
| This Slide: #21 of 100 |
Slide #21. TRATON — Navistar International Corporation
Acquirer:
TRATON
Acquiree:
Navistar International Corporation (NASDAQ:NAVI)
Details:
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's proposal to acquire all of the outstanding common shares of Navistar at a price of USD 44.50 per share in cash. The transaction remains subject to regulatory approvals and the satisfaction of customary closing conditions. Navistar continues to expect that the transaction will be completed in mid-2021.
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Avg. Broker Rec.
 
|
Buy (3.20 out of 4) 40th percentile
(ranked lower than approx. 60% of all stocks covered)
Analysts' Target Price: NAVI Stock Forecast Based on Zacks ABR data; powered by Xignite |
