TRATON Group is giving Navistar until noon Friday to accept its $43-a-share offer for the 83% of the truck maker it does not already own, or the German holding company owned by Volkswagen says it will walk away.
Navistar’s board says TRATON’s takeover offer is too low. But it is good enough for the truck maker to open its books and keep talking.
Against the backdrop of a tough third quarter when key businesses posted losses, Navistar looks ahead to building electric trucks on the same assembly line with diesel models at a new plant in Texas.
The Wall Street Journal is reporting that U.S. Class I railroad Kansas City Southern is in play again. Blackstone and Global Infrastructure Partners are reported to have made an offer.
