Navistar Reports Underwriters' Election To Purchase Option Shares
LISLE, Ill., Nov. 1, 2012 /PRNewswire/ -- Navistar International Corporation (NAV) announced today that it was notified on November 1, 2012, of the underwriters' election to purchase 763,534 option shares pursuant to Section 2(a) of the Underwriting Agreement in connection with the previously announced public offering of 10,666,666 shares of Navistar common stock at $18.75 per share.
Upon settlement of the option shares on November 5, 2012, the aggregate number of shares of Navistar common stock outstanding will be 80,020,981.
Navistar International Corporation is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus" brand school and commercial buses and Navistar RV brands of recreational vehicles. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services.
SOURCE Navistar International Corporation