January 30, 2020 / 10:00 PM / a month ago

CORRECTED-German truck maker Traton offers to buy remaining Navistar stake for $2.9 bln

(Corrects headline to say Traton "offers to buy", not "to buy")

Jan 30 (Reuters) - German truck manufacturer Traton SE said on Thursday it had made a $2.9 billion offer to buy the remaining shares in Navistar International Corp it does not already own.

Traton, Volkswagen's truck unit, said it owns a 16.8% stake in Navistar.

Traton has agreed to pay $35 per Navistar share.

Reporting by Kanishka Singh in Bengaluru; Editing by Shinjini Ganguli

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