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Navistar +5% as investors bet on Volkswagen bid

  • 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)

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Navistar International Corporation