About: http://data.cimple.eu/news-article/95bff38d8c502b774c5cab1cb51a6109d4c1d40850e9419e5b0640a7

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/95bff38d8c502b774c5cab1cb51a6109d4c1d40850e9419e5b0640a7 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Volkswagen's heavy trucks unit Traton said on Friday it had reached an agreement for a $3.7 billion takeover of US truck maker Navistar after slightly boosting an initial $43-per-share offer. Chasing US market share as it goes up against European rivals such as Daimler and Volvo, Traton -- parent to the MAN and Scania brands -- said it had come to an "agreement in principle" at $44.50 per share. "We are pleased to have reached agreement in principle for a transaction after intensive negotiations with Navistar. We are looking forward to completing our due diligence and obtaining the necessary approvals in respect of this exciting deal," said Traton CEO Matthias Gruendler. Traton and Navistar, with respective workforces of some 80,000 and 15,000, have since 2017 been cooperating on technology and purchasing. Navistar, which says it is the leader in US school buses, boasted 2019 revenue of $11.3 billion on unit sales of 106,500. Traton, also behind the Volkswagen "Caminhoes e Onibus" brand in Latin America and Africa, last year sold 242,000 units for $26.9 billion euros ($31.5 billion) in revenue. The agreement comes after months of haggling, as Traton in January proposed $35 per share before raising in September to $43, an offer rejected by Navistar. Traton then gave Navistar -- whose biggest shareholder is billionaire Carl Icahn -- until Friday to accept or else see the offer withdrawn. ys/cdw/tgb
schema:headline	VW's Traton reaches acoord with US Navistar trucks
schema:mentions	Carl Icahn Latin America MAN SE Billionaire Africa Chief executive officer Volvo Trucks Navistar International Scania AB Matthias Corvinus Volkswagen Group Daimler AG CDW
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software