U.S. Markets close in 1 hr 42 mins
  • S&P 500

    3,690.68
    +23.96 (+0.65%)
     
  • Dow 30

    30,161.11
    +191.59 (+0.64%)
     
  • Nasdaq

    12,437.20
    +60.02 (+0.48%)
     
  • Russell 2000

    1,881.38
    +32.68 (+1.77%)
     
  • Crude Oil

    46.22
    +0.58 (+1.27%)
     
  • Gold

    1,835.00
    -1.80 (-0.10%)
     
  • Silver

    24.27
    +0.13 (+0.55%)
     
  • EUR/USD

    1.2146
    -0.0003 (-0.0243%)
     
  • 10-Yr Bond

    0.9680
    +0.0480 (+5.22%)
     
  • Vix

    20.82
    -0.46 (-2.16%)
     
  • GBP/USD

    1.3461
    +0.0009 (+0.0646%)
     
  • USD/JPY

    104.1190
    +0.2590 (+0.2494%)
     
  • BTC-USD

    19,057.97
    -199.61 (-1.04%)
     
  • CMC Crypto 200

    373.69
    -5.55 (-1.46%)
     
  • FTSE 100

    6,550.23
    +59.96 (+0.92%)
     
  • Nikkei 225

    26,751.24
    -58.13 (-0.22%)
     

Volkswagen truck unit Traton, U.S. Navistar sign merger deal

Nov 7 (Reuters) - Volkswagen AG's truck unit Traton SE has signed a merger agreement with U.S. truck maker Navistar International Corp, the company said in a statement on Saturday.

Under deal, Traton will acquire all common shares in Navistar that it does not already own at $44.50 per share, the statement said. Traton already holds about 16.7% stake in Navistar.

Traton last month sweetened its takeover bid for Navistar from $43 per share to $44.50 per share.

(Reporting by Aishwarya Nair in Bengaluru, editing by Clelia Oziel)