Cerberus takes majority stake in Navistar's defense business

|About: Navistar International Co... (NAV)|By:, SA News Editor

Cerberus Capital strikes a deal to acquire a 70% stake in Navistar's (NAV +1.4%) defense business.

"Today's announcement is a strategic milestone for Navistar Defense as it provides the business with a well-established, long-term partner that is focused on making crucial growth investments in the business," says Navistar COO Persio Lisboa,

Source: Press Release

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