Mergers and Acquisitions

Icahn, ex-protege fuel trucking-merge drama

Volkswagen’s truck-manufacturing subsidiary Traton — which last month raised its offer for Navistar to $43 a share, up from a pre-pandemic overture of $35 a share in January — is conducting diligence on Navistar and is expected to finish by the end of this week, sources close to the situation said.

Vista Outdoor wins Remington Ammunition

Vista Outdoor will acquire Remington Outdoor's ammunition assets and the manufacturing facility in Lonoke, Arkansas and related intellectual property, including the Remington brand and trademarks.