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DGAP-Adhoc: TRATON SE: TRATON and Navistar agreement in principle

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DGAP-Ad-hoc: TRATON SE / Key word(s): Mergers & Acquisitions
TRATON SE: TRATON and Navistar agreement in principle

16-Oct-2020 / 18:43 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

*TRATON and Navistar agreement in principle*

*Munich, 16 October 2020* - TRATON SE ("TRATON") and the US-American truck
manufacturer Navistar International Corporation ("Navistar"), in which
TRATON already holds a stake of 16.8 %, have today reached agreement in
principle that TRATON will acquire by merger all shares in Navistar not
already held by TRATON, at a price of USD 44.50 per Navistar share.

This agreement in principle remains subject to finalization of due diligence
to the satisfaction of TRATON, agreeing on the conclusion of a merger
agreement and related transaction documents and the approval of the
transaction by the executive bodies and committees of TRATON and VOLKSWAGEN
AKTIENGESELLSCHAFT as well as the Board of Directors and the Shareholder
Meeting of Navistar.

There is no assurance that the parties will reach agreement on definitive
transaction documentation, or as to the terms thereof or that any
transaction, if such agreement is reached, will ultimately be consummated.

Contact:
Rolf Woller
Head of Treasury and Investor Relations
T +49 162 172 33 62
rolf.woller@traton.com
TRATON SE
Dachauer Str. 641
80995 Munich, Germany
www.traton.com [1]

16-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: TRATON SE
Dachauer Str. 641
80995 München
Germany
Phone: +49 (0)89 360 98 70
E-mail: investor.relations@traton.com
Internet: www.traton.com
ISIN: DE000TRAT0N7
WKN: TRAT0N
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1141441

End of Announcement DGAP News Service

1141441 16-Oct-2020 CET/CEST


1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=660757e9e0761db5c5a93a23d0707e73&application_id=1141441&site_id=vwd&application_name=news


(END) Dow Jones Newswires

October 16, 2020 12:50 ET ( 16:50 GMT)
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