Volkswagen truck unit Traton offers $2.9 billion to take over Navistar
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(Reuters) - Volkswagen AG's Traton commercial truck unit said on Thursday it has offered $35 a share, or $2.9 billion (2.2 billion pounds), for the remaining shares of U.S. truck maker Navistar International that it does not already own.Traton's offer sent Navistar shares sharply higher in after-hours trading. Volkswagen has made its interest in buying the remainder of Navistar clear since acquiring its initial 16.8% stake in 2016. Traton said in a statement the proposal is subject to..