Navistar (NAV) Could Be in Talks with Investment Banks Over Options
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Navistar Int'l (NYSE: NAV) is actually off of intraday lows following headlines from the Financial Times, citing DealReporter, that the company is in talks with investment banks.
Among the names being tossed around are Credit Suisse, JPMorgan, and Bank of America Merrill Lynch, though some say Goldman Sachs and Citigroup were also in contact.
News comes as the truck make continues to struggle with regaining shareholder confidence, announcing it adopted a poison pill provision yesterday.
The Stock is down 6.8 percent on the session.
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Among the names being tossed around are Credit Suisse, JPMorgan, and Bank of America Merrill Lynch, though some say Goldman Sachs and Citigroup were also in contact.
News comes as the truck make continues to struggle with regaining shareholder confidence, announcing it adopted a poison pill provision yesterday.
The Stock is down 6.8 percent on the session.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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