Navistar shareholders approve Traton takeover
By Jim Gibbins - 25th March 2021
USA / Germany – Shareholders of the Lisle, Illinois, US-based truck manufacturer, Navistar International Corporation have approved the purchase price and offer made by Traton SE to acquire all the remaining common shares of Navistar at a price of USD44.50 per share in cash. The transaction remains subject to regulatory approvals and the satisfaction of customary closing conditions. Navistar expects the transaction to be completed in mid-2021.
Navistar stockholders also voted to approve all other proposals, including two non-binding proposals regarding executive compensation arrangements, the election of Navistar directors, and the ratification of Navistar’s independent registered public accounting firm.
