Navistar - TRATON Merger Gets All Regulatory Approvals

(RTTNews) - U.S. truck maker Navistar International Corp. (NAV) said that all regulatory approvals necessary to proceed with merger with Dusk Inc., a wholly owned indirect subsidiary of TRATON SE, were received.

The closing date of the merger is expected to be on July 1, 2021.

on November 7, 2020, Navistar, TRATON and Merger Subsidiary entered into a merger agreement, pursuant to which TRATON would acquire all of the outstanding common shares of Navistar not already owned by TRATON for a price of $44.50 per share in cash, which Navistar stockholders approved at Navistar's annual meeting on March 2, 2021.