VWAGY - Navistar secures all regulatory approvals related to Traton merger

U.S. truck manufacturer Navistar International (NAV) has secured all regulatory approvals necessary to proceed with the merger with Volkswagen's (VWAGY) Traton truck unit .The merger is expected to close on July 1, 2021.As previously announced, Navistar entered into a merger agreement with Traton and its wholly-owned indirect subsidiary Dusk, pursuant to which Traton agreed to buy all of the outstanding Navistar common shares for a price of $44.50 per share in cash. The deal received Navistar stockholders' approval on March 2, 2021.Once the transaction is complete, Navistar will be part of the Traton family.Press Release

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Navistar secures all regulatory approvals related to Traton merger