TRATON SE to Acquire Navistar International for $44.50 Per Share

November 7, 2020

TRATON SE agreed to acquire all outstanding shares of Navistar International Corporation not already owned by TRATON for USD 44.50 per share in cash, building on a prior strategic alliance. The transaction, financed in part by Volkswagen Group, is intended to create a global commercial-vehicle leader by combining TRATON's strength in Europe and South America with Navistar's North American footprint.

Buyers
TRATON SE, Volkswagen Group
Targets
Navistar International Corporation
Sellers
Navistar shareholders
Industry
Automotive
Location
Illinois, United States
Transaction Type
Buyout

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