The spread of the COVID-19 coronavirus has caused widespread disruption and blown trillions of dollars out of the global economy, but it’s done nothing to quell Volkswagen’s bid to purchase Lisle, Ill.-based truck maker Navistar.
In January, Volkswagen’s truck unit Traton made a $2.9 billion cash offer to buy Navistar International at roughly $35 a share. Virus-inspired fear has left the stock of both companies in shambles over the last month and a half, with Navistar having shed nearly $18 per share and Traton more than $11 since Jan. 31.
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