Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

DGAP-Adhoc: TRATON SE: TRATON submits proposal to acquire all shares in Navistar International Corporation

eqs_en 
0 0 30.01.20
DGAP-Adhoc: TRATON SE: TRATON submits proposal to acquire all shares in Navistar International Corporation
 

DGAP-Ad-hoc: TRATON SE / Key word(s): Mergers & Acquisitions
TRATON SE: TRATON submits proposal to acquire all shares in Navistar International Corporation

30-Jan-2020 / 22:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

TRATON submits proposal to acquire all shares in Navistar International Corporation

Munich, 30 January 2020 - Today, TRATON SE ("TRATON") has submitted to the Board of Directors of the US American truck manufacturer Navistar International Corporation ("Navistar"), in which TRATON already holds a share of 16.8%, the proposal to acquire all outstanding shares in Navistar not already owned by TRATON at a price of approx. USD 2.9 bn (USD 35 per Navistar share), in cash. If the proposal is accepted, TRATON will become the sole owner of Navistar. The proposal is in particular subject to TRATON and Navistar agreeing on a merger agreement, the conduct of satisfactory due diligence and the approval of the merger agreement by the boards of TRATON and Volkswagen AG as well as the Board of Directors and the shareholders' meeting of Navistar.
 
Contact:
Rolf Woller
Head of Investor Relations
T +49 162 172 33 62
[email protected]
TRATON SE
Dachauer Str. 641
80995 München, Deutschland

www.traton.com

 

30-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: TRATON SE
Dachauer Str. 641
80995 München
Germany
Phone: +49 (0)89 360 98 70
E-mail: [email protected]
Internet: www.traton.com
ISIN: DE000TRAT0N7
WKN: TRAT0N
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 964929

 
End of Announcement DGAP News Service

964929  30-Jan-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=964929&application_name=news&site_id=sharewise

Traton SE Stock

€32.55
-3.290%
Heavy losses for Traton SE today as the stock fell by -€1.100 (-3.290%).
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the Traton SE stock is not clear.
With a target price of 39 € there is a slightly positive potential of 19.82% for Traton SE compared to the current price of 32.55 €.
Show more
Like: 0
Share
eqs_en 
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Legal notice

Comments

Not a member yet? Sign up for free!