Google
Navistar Shareholders Clear the Traton Takeover, Putting the Pedal to the Metal for Volkswagen Stock
Navistar Shareholders Clear the Traton Takeover, Putting the Pedal to the Metal for Volkswagen Stock
Shareholders in leading U.S. truck maker (NAV)have approved the takeover from (8TRA) A long time coming, investor clearance for the acquisition paves the way for the German trucking giant to speed into the U.S. market at a deal that prices Navistar shares higher than they have been in more than three years. Investors cheered the approval, with Traton stock climbing 2.5% higher and shares in (VOW3) which owns the majority of Traton, surging near 5%. Traton, a spinoff of Volkswagen that went public in 2019, already owns 17% of Navistar.
