Volkswagen considers full takeover of Navistar [Seeking Alpha]
Navistar Intl Corp (NAV)
Last navistar intl corp earnings: 3/4 06:25 am
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Source: Seeking Alpha
Volkswagen considers full takeover of NavistarShares of Navistar (NYSE:NAV) are higher in early trading after Volkswagen (OTCPK:VLKAY) indicates that it's discussing making afull takeover offer for the truck maker through Volkswagen Truck & Bus GmbH.Talk of a Navistar acquisition by Volkwagen has circulated for the last several years.Volkswagen Truck holds a 16.9% stake in Navistar right now, just below the 17% threshold at which it's required to make an offer for the rest of the shares.Navistar+6.58% premarket to $39.50. Volkswagen isdown 0.63% in Frankfurt treading.Click to subscribe to real-time analytics on NAVNow read:Groupe Casino rallies after Amazon deal »
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