Sept 14 (Reuters) - Navistar International Corp on Monday rejected Volkswagen truck unit Traton’s buyout offer of $43 per share, but said it was a starting point for exploring a possible transaction.
The German automaker has raised its $35 per share January offer as it looks to increase its stake in Truck maker Navistar from the 16.6% it acquired in 2016. Analysts at Jefferies have said Navistar is worth at least $45 a share. (Reporting by Rachit Vats in Bengaluru; Editing by Vinay Dwivedi)
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