VW's Traton raises Navistar bid to close in on deal

VW's Traton raises Navistar bid to close in on deal

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At $44.50 per share, VW’s heavy truck unit would pay about $3.7 billion for the shares of Navistar it doesn’t already own. The deal hinges on finalizing due diligence, agreeing to merger terms and approval by the executive bodies of both companies.

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