Navistar, Traton deal given final approval from regulators
Navistar on Wednesday said it has received all regulatory approvals needed to proceed with a previously announced merger with Dusk Inc., a wholly owned indirect subsidiary of Traton SE. The merger is expect to close on July 1, subject to the satisfaction of customary closing conditions.
Navistar, the manufacturer of International Trucks, and Traton, Volkswagen s commercial truck arm, in November entered into a merger agreement in which Traton would acquire all of the outstanding common shares of Navistar for $44.50 per share in cash. Traton previously held 16.7% of Navistar, which it acquired via a procurement joint venture and strategic technology and supply collaboration in 2016. Navistar stockholders approved the buyout deal at its annual meeting in March.
Regulators give final approval for Navistar, Traton merger
Navistar on Wednesday said it has received all regulatory approvals needed to proceed with a previously announced merger with Dusk Inc., a wholly owned indirect subsidiary of Traton SE. The closing date of the merger is expected to be on July 1, subject to the satisfaction of customary closing conditions.
Navistar, the manufacturer of International Trucks, and Traton, Volkswagen s commercial truck arm, in November entered into a merger agreement in which Traton would acquire all of the outstanding common shares of Navistar for $44.50 per share in cash. Traton previously held 16.7% of Navistar, which it acquired via a procurement joint venture and strategic technology and supply collaboration in 2016. Navistar stockholders approved the buyout deal at its annual meeting in March.
VW s Traton approved by regulators to acquire Navistar overdriveonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from overdriveonline.com Daily Mail and Mail on Sunday newspapers.
Express services began in the 1830s
Express service has been defined as the prompt and safe movement of parcels, money and goods at rates higher than standard freight rates.
Many historians credit William Harnden for starting the business category. In 1839 he began carrying express goods on regular trips between New York and Boston (even though a direct New York to Boston rail line was not yet in service). As business grew he formed Harnden’s First Express and even initiated shipments by steamboat.
An advertisement for Harnden Express, the first express service. (Image: Alphabetilately.org)
In 1845, following Harnden’s death, the company was merged with Adams Express as a new business sector grew rapidly. Its growth was sparked by the ever-expanding railroads. Movement of freight, packages and people that once took days or weeks could now be accomplished in a fraction of the time.
Former Kemptville Community Business Leader Passes Away
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The community is mourning the passing of a longtime businessman.
Gerald K. Tallman passed away peacefully in his home Sunday, following a long battle with cancer.
Gerald started his career in the automotive industry as a youth, and grew to become the founder of his own trucking company Tallman Truck Centre.
In a press release, his company, now known as “Rush Truck Centres”, celebrated his legacy of entrepreneurship, kindness, and generosity.
“His diligence and commitment to helping others ensured his success and in 1970, Tallman opened his own garage and used car lot,” the release said. “In 1973, he became part owner of Kemptville Truck Centre, and shortly after, its sole proprietor. The dealership then grew to nine locations and rebranded to Tallman Truck Centre.”