- Navistar (NYSE:NAV) is up 5.45% as investors seize on the the new hiring at Volkswagen Truck & Bus as a sign that a full takeover of the company could be on the way. Jefferies has gone as far today as to say a deal is "likely."
- Volkswagen Truck & Bus, which is prepping for a potential IPO, already has 17% of Navistar's shares in its back pocket.
- Previously: Navistar on watch as Volkswagen lurks (June 15)
Navistar +5% as investors bet on Volkswagen bid
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Symbol | Last Price | % Chg |
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NAV | - | - |
Navistar International Corporation |