Navistar International Corp. (NAV) said the company's Board of Directors confirmed that it would be prepared to move forward with a transaction in which TRATON would acquire Navistar for $44.50 per share in cash. The company's Board said an offer of $44.50 per share has the support of Navistar's two largest shareholders.
Navistar's Board of Directors asked TRATON to confirm that a price of $44.50 per share is a basis for finalization of definitive agreements.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.