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Volkswagen Trucks Unit Reportedly Considers Full Takeover Of Navistar

Volkswagen AG's (VKW.L,VLKAF.PK,VOW.BE) commercial-vehicles unit is considering a full takeover of Navistar International Corp., according to reports.

Volkswagen Truck & Bus GmbH already owns about 16.9% of stake in Navistar. The officials at Volkswagen Truck & Bus reportedly said Monday it could raise that stake, and was also considering a full takeover.

Under U.S. securities law, VW Trucks would be required to make an offer for the rest of Navistar's shares if it acquires more than 17% of the company.

by RTTNews Staff Writer

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