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Brazil's Tupy Set To Buy Traton-Owned Motor Maker MWM, Shares Soar
MWM is owned by Navistar International Corp, a subsidiary of German-based vehicle maker Traton SE. It reported an operating net revenue of 2.7 billion reais in 2021, Tupy said.
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Navistar Rejects Traton's Buyout Offer, Calls It Starting Point
Navistar International Corp on Monday rejected Volkswagen truck unit Traton's buyout offer of $43 per share, but said it was a starting point for exploring a possible transaction.The German automaker has raised its $35 per share January offer as it looks to increase its 16.6% stake in the U.S. truck maker Navistar acquired in 2016.
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Brazil's Tupy Set To Buy Traton-Owned Motor Maker MWM, Shares Soar
MWM is owned by Navistar International Corp, a subsidiary of German-based vehicle maker Traton SE. It reported an operating net revenue of 2.7 billion reais in 2021, Tupy said.
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Navistar Rejects Traton's Buyout Offer, Calls It Starting Point
Navistar International Corp on Monday rejected Volkswagen truck unit Traton's buyout offer of $43 per share, but said it was a starting point for exploring a possible transaction.The German automaker has raised its $35 per share January offer as it looks to increase its 16.6% stake in the U.S. truck maker Navistar acquired in 2016.
