TRATON, Navistar Reach Agreement in Principle

TRATON SE and American truck manufacturer Navistar International Corporation, in which TRATON already holds a stake of 16.8 percent, have reached agreement in principle that TRATON will acquire by merger all shares in Navistar not already held by TRATON, at a price of $44.50 per Navistar share. "We are pleased to have reached agreement in principle for a transaction after intensive negotiations with Navistar....

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