US truck manufacturers: Rumors about Navistar acquisition burden VW

04/16/2018

US truck manufacturers rumors about Navistar takeover charge VW

DPA

The shares of the US commercial vehicle manufacturer Navistar have received on Monday tailwind by takeover fantasy. In early trading, they climbed more than 5 percent to $ 38.90. Market participants referred to comments from the German major shareholder Volkswagen (VW), according to which the commercial vehicle division of the Wolfsburg was open for a possible complete takeover. The shares of Volkswagen Show stock market chart on the other hand, fell significantly on Monday and were among the biggest losers in the Dax.

A takeover of Navistar could be part of the realignment of the VW division, which is currently being made marketable with their brands MAN and Scania.

REUTERS

Navistar Super Truck: VW holds 16.9 percent

Volkswagen’s Truck & Bus division currently holds 16.9 percent of the US company, just below an important threshold. From 17 percent, the Wolfsburg would have to make the Navistar shareholders a takeover bid.

Shareholders of Volkswagen Show stock market chart see a possible complete takeover of Navistar critical. The preference share of VW, which had increased significantly in recent days because of the restructuring at the top of the group, slipped on Monday by just under 3 percent in the down and was the weakest value in the Dax Show stock market chart,

la / dpa

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