Traton (Volkswagen) closes the purchase of Navistar for 3.8 billion euros

Traton  is a subsidiary of the Volkswagen Group and one of the world's largest commercial vehicle manufacturers with its MAN, Scania, and Volkswagen Caminhões e Ônibus brands

Traton  is a subsidiary of the Volkswagen Group and one of the world’s largest commercial vehicle manufacturers with its MAN, Scania, and Volkswagen Caminhões e Ônibus brands.

The industrial vehicles division of the Volkswagen group, Traton, has accepted Navistar’s latest counterproposal for its sale, for which it will acquire the US firm at a price of $ 44.5 per share, which is to value it at a total of about 4,450 million dollars (almost 3,800 million euros).

Given that Traton already owns 16.8% of the company, the agreement will involve a disbursement of more than 3,700 million dollars (3,160 million euros). The agreement has been produced at the last minute, since this week Traton announced that its offer expired this Friday. If the talks had not been successful, Traton would have definitively withdrawn from the negotiation.

“We are happy to have reached an agreement in principle for a transaction after intensive negotiations with Navistar. We look forward to completing the due diligence and obtaining the necessary approvals regarding this exciting deal to welcome the new member of the Traton family, ”said Traton CEO Matthias Gründler.

 

Software developers will be able to use their own payment systems integrated into their apps and will not pay commissions Read more

US announces five-year agreement with EU in Boeing and Airbus dispute The United States and the European Union have agreed Read more

JPMorgan to shift more to its European base in Frankfurt JPMorgan Chase & Co. is further expanding its balance sheet in Read more

Apple acquires a company every 3-4 weeks. Apple Inc. (NASDAQ: AAPL ) said Monday that it does not want to be like Read more

Only in Europe, the company entered 13% more than in the same year in 2020 The vehicle manufacturer Ford closes the first Read more

The supply is not being sufficient to cover the world demand for semiconductor components A semiconductor is a material capable Read more

Netflix remains a leader in the streaming entertainment sector , although it did not reach the goal of exceeding 210 million subscribers. The streaming  entertainment Read more

Evergrande shares are up more than 1,000% in one year The 'boom' of the electric car that China is experiencing Read more

The company, specializing in voice technology and artificial intelligence, could become the second largest acquisition of the software giant Microsoft Read more

The stock rises 18% pending details of the venture capital proposal The shares of the Toshiba conglomerate - known for Read more

Leave a Reply