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Navistar ready to accept Traton bid at $44.50 per share

Credit: REUTERS/FABIAN BIMMER

U.S. truck maker Navistar International Corp said on Friday it was prepared to accept a buyout from Volkswagen's Traton, if it raised its offer price to $44.50 per share.

Oct 16 (Reuters) - U.S. truck maker Navistar International Corp NAV.N said on Friday it was prepared to accept a buyout from Volkswagen's VOWG_p.DE Traton, if it raised its offer price to $44.50 per share.

Traton, Volkswagen's truck unit, had previously offered $43 per share for Navistar.

(Reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta)

((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: https://twitter.com/sampath_uday))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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