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.
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