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An American company is sold !

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  • An American company is sold !

    What was once International Harvester, a company that started with another name, McCormick Harvesting Machine Company and Deering Harvester Company in 1902, with agricultural products. The company had kept up with times and embraced gasoline farm trucks, that morphed into road trucks. That business was spun off as Navistar in 1986. The massive corporation had many different names and divisions throughout times. Names of old companies and the manufacturing this country once did, but has changed with technology and global business.
    Now Navistar will be owned by Traton, Volkswagen AG’s heavy-truck division.

    Traton, Navistar Reach Agreement on $3.7 Billion Buyout
    Traton SE announced Oct. 16 it had agreed to Navistar International Corp.’s condition of a per-share price of $44.50 and will acquire all shares it does not already own as part of a $3.7 billion purchase of the U.S. truck maker.
    https://www.ttnews.com/articles/navi...d-higher-price
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