View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
June 30, 2021

Navistar merger with Traton approved

Regulators are happy so the Navistar merger with Traton can proceed.

By Graeme Roberts

US truck maker Navistar said today all regulatory approvals necessary to proceed with the previously announced merger with Dusk, a wholly owned indirect subsidiary of Traton SE had been received.

Free Report
img

Gauge the impact of shifting M&A volumes in Automotive

Deal-making sentiment seems to have emerged stronger out of the downturn as M&A activity reached a record high during 2021. The momentum set in towards the end of 2020, continued through 2021 with all the quarters reporting deals with a cumulative value of around $1 trillion across the year.  While most deals-based analyses focus on the win or lose for deal participants, GlobalData's League Tables provide you with insights on the Automotive players benefitting from these M&A volumes. The deal types covered in our report include: 
  • Mergers 
  • Acquisitions 
  • Asset transactions 
  • Private equity buyouts 
Use our report to understand your company’s performance across target regions and get insight into the volumes your competitors are able to generate in your markets of focus. 
by GlobalData
Enter your details here to receive your free Report.

The closing date of the merger is expected to be tomorrow, 1 July, 2021, subject to the satisfaction of customary closing conditions.

As previously announced, on 7 November, 2020, Navistar, Traton and Dusk entered into a merger agreement under which Traton would acquire all of the outstanding common shares of Navistar it did not already own for US$44.50 per share in cash, which Navistar stockholders approved at their annual meeting on 2 March, 2021.

“Once the merger with is complete, Navistar will be part of the Traton family and thus support its aim to become a global champion of the transportation industry,” the truck maker said in a statement.

Free Report
img

Gauge the impact of shifting M&A volumes in Automotive

Deal-making sentiment seems to have emerged stronger out of the downturn as M&A activity reached a record high during 2021. The momentum set in towards the end of 2020, continued through 2021 with all the quarters reporting deals with a cumulative value of around $1 trillion across the year.  While most deals-based analyses focus on the win or lose for deal participants, GlobalData's League Tables provide you with insights on the Automotive players benefitting from these M&A volumes. The deal types covered in our report include: 
  • Mergers 
  • Acquisitions 
  • Asset transactions 
  • Private equity buyouts 
Use our report to understand your company’s performance across target regions and get insight into the volumes your competitors are able to generate in your markets of focus. 
by GlobalData
Enter your details here to receive your free Report.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto