VWAGY - Navistar -19% with clock ticking to take Traton deal

Volkswagen (VWAGY) set a hard deadline of noon Chicago time on Friday for Navistar International ([[NAV]] -18.7%) to accept its $3.6B takeover offer to combine with its heavy trucking division.The German automaker offered $43 per share to acquire the rest of Navistar, which is higher than the $35 bid in January before the pandemic hit the U.S. and Europe.Navistar is currently swapping hands at around $36.11 as investors appear to have concerns that the company may walk away from the "final" and "best" offer from Wolfsburg.

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Navistar -19% with clock ticking to take Traton deal