Navistar +5% as investors bet on Volkswagen bid [Seeking Alpha]
Navistar Intl Corp (NAV)
Last navistar intl corp earnings: 3/4 06:25 am
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Source: Seeking Alpha
Navistar +5% as investors bet on Volkswagen bidNavistar (NYSE:NAV) isup 5.45% as investors seize on the the new hiring at Volkswagen Truck & Bus as a sign that a full takeover of the company could be on the way. Jefferies has gone as far today as to say a deal is "likely."Volkswagen Truck & Bus, which is prepping for a potential IPO, already has 17% of Navistar's shares in its back pocket.Previously:Navistar on watch as Volkswagen lurks (June 15)See all stocks on the move »Now read:U.S. Xpress: Trucking IPO With Some Questions Remaining »
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