Navistar Reports Closing Of Underwriters' Election To Purchase Option Shares
LISLE, Ill., Nov. 5, 2012 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) announced today the closing of the sale of 763,534 shares of common stock pursuant to the underwriters' election to purchase option shares under Section 2(a) of the Underwriting Agreement in connection with the previously announced public offering of 10,666,666 shares of the company's common stock at $18.75 per share. The company intends to use all net proceeds from the sale of the option shares for general corporate purposes.
Following the closing, the aggregate number of shares of Navistar common stock outstanding is 80,020,981.
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses and Navistar RV brands of recreational vehicles. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services.
SOURCE Navistar International Corporation