Traton SE, a subsidiary of Volkswagen Group (VKW.L,VLKAF.PK,VOW.BE), said that it signed an agreement to buy remaining stake in Navistar International Corp. (NAV) it does not already own for $44.50 per share. The deal values the company about $3.7 billion.
The deal comes after Traton said in mid-October it agreed to raise its offer for Navistar to $44.50 per share, from $43.00 per share.
For comments and feedback contact: editorial@rttnews.com
Business News
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.