Navistar +17% with Traton deal heating up

  • Navistar (NYSE:NAV) is racing higher in early trading on reports that Volkswagen's (OTCPK:VWAGY) Traton pushed its offer price for the company up to $43 per share from $35 per share.
  • It has been a long courtship between Navistar and Traton after the pandemic threw the potential deal into jeopardy.
  • Shares of Navistar are up 17.47% to $42.10 and traded as high as $43.08 just a few minutes ago.

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