VW Unit Plans to Resume Navistar Takeover Push This Month
- Traton’s $2.9 billion bid was put on hold amid pandemic
- VW seeks to win over Navistar investors including Icahn
Photographer: Christopher Dilts/Bloomberg
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Volkswagen AG’s heavy-truck business plans to make a fresh push to acquire Navistar International Corp. after talks were put on hold amid the coronavirus pandemic, according to people familiar with the matter.
VW’s Traton SE is seeking to restart negotiations this month to win over Navistar’s management and the main shareholders, including billionaire investor Carl Icahn, said the people, asking not to be identified because deliberations are private.