Lordstown Motors lives to fight another day with the $230 million sale of the plant it basically got for free from General Motors.
Navistar tells TRATON it can buy the company for $44.50 a share, or about $3.7 billion, slightly more than TRATON’s final offer and almost $10 more a share than its $2.9 billion bid in January.
Seven months after Volkswagen’s truck holding company, TRATON SE, made an unsolicited $2.9 billion offer for Navistar, talks may be heating up, according to Bloomberg.
Big investors like Carl Icahn will have a say in whether Volkswagen’s truck group buys the 83% of Navistar it does not already own, but CEO Troy Clarke’s expected age-related departure this year seems more than a coincidence in TRATON’s $2.9 billion bid.
