TRATON Proposes Buyout of Navistar

A subsidiary of Volkswagen has made an unsolicited bid to buy out Navistar International Corp., a manufacturer of diesel engines with a major factory in Huntsville. On January 30, Navistar confirmed that it had received an unsolicited proposal from TRATON SE proposing a cash buyout of common stock of Navistar, seeking to acquire the company…

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