DGAP-Adhoc: VOLKSWAGEN AG: TRATON submits proposal to acquire all shares in Navistar

2020. január 30., csütörtök, 22:47





DGAP-Ad-hoc: VOLKSWAGEN AG / Key word(s): Miscellaneous


VOLKSWAGEN AG: TRATON submits proposal to acquire all shares in Navistar


30-Jan-2020 / 22:47 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




TRATON submits proposal to acquire all shares in Navistar International Corporation



Wolfsburg, 30 January 2020 - Today, TRATON SE ("TRATON") has submitted to the

Board of Directors of the US American truck manufacturer Navistar International Corporation ("Navistar"), in which TRATON already holds a share of 16.8%, the proposal to acquire all outstanding shares in Navistar not already owned by TRATON at a price of approx. USD 2.9 billion (USD 35 per Navistar share), against cash compensation. Volkswagen AG has signalled its general intention to provide funds for the financing of an offer. If the proposal is accepted, TRATON will become the sole owner of Navistar. The proposal is in particular subject to TRATON and Navistar agreeing on a merger agreement, the conduct of satisfactory due diligence and the approval of the merger agreement by the boards of TRATON and Volkswagen AG as well as the Board of Directors and the shareholders" meeting of Navistar.





Helen Beckermann

Head of Volkswagen Group Investor Relations



 



 











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Language: English
Company: VOLKSWAGEN AG

Berliner Ring 2

38440 Wolfsburg

Germany
Phone: +49 (0)5361 9 - 49015
Fax: +49 (0)5361 9 - 30411
E-mail: helen.beckermann@volkswagen.de
Internet: www.volkswagenag.com/ir
ISIN: DE0007664039, DE0007664005
WKN: 766403, 766400
Indices: DAX, Euro Stoxx 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; SIX
EQS News ID: 964935





 
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