The truck unit of Volkswagen AG has offered to fully take over Navistar International Corp. in an all-cash transaction valued at roughly $2.9 billion. A deal would combine two of the world’s largest truck makers. Traton SE, which was formed out of Volkswagen’s Truck and Bus Group, owns a 16.76% stake in Navistar. Germany-based Traton has made...

Source: Wall Street Journal January 30, 2020 23:47 UTC