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.
Detroit Diesel Makes Impactful Clean Energy Commitment through DTE Energy s MIGreenPower program – Padovanews padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
A group of defendants that allegedly assembled and distributed a bus that was involved in a fatal Utah crash with a group of Chinese tourists aboard seek dismissal, arguing that the only connection to Illinois is the billing address for one of the defendants’ offices.
Gladstein, Neandross & Associates, provided an overview of the current environment as it relates to fleets, citing the State of Sustainable Fleets report