TRATON SE: TRATON submits proposal to acquire all shares in Navistar International Corporation
January 30, 2020 at 04:40 pm EST
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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
rolf.woller@traton.com
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:
investor.relations@traton.com
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
Traton SE is a Germany-based manufacturer of commercial vehicles. The Company operates through a number of brands, which includes MAN, a commercial vehicle manufacturer, which specializes in the production of vans, as well as city buses and intercity and travel coaches; Scania, which provides transport solutions, heavy duty vehicles for long-distance and distribution transport, as well as construction vehicles; Volkswagen Caminhoes E Onibus, which is a provider of light-to heavy-duty trucks and bus for markets, such as Latin America and Africa, and Rio, which is a global brand for digital services in the transport industry that offers an open, vendor-neutral and cloud-based platform for freight transport.
TRATON SE 
