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.

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RTTNews | Oct 16, 2020 09:44AM EDT

09:44 Friday, October 16, 2020 (RTTNews.com) - 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.

Read the original article on RTTNews ( https://www.rttnews.com/3136867/navistar-issues-its-response-to-letter-from-traton-quick-facts.aspx)

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