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10/24/2012 2:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Navistar Sets Stock Offering of 10 Million Shares

Navistar International Corp. said Wednesday it is making a public offering of about 10 million shares of its stock.

The truck and engine manufacturer said it is giving underwriters a 30-day option to buy up to 1.5 million shares and that it will use the proceeds for “general corporate purposes.”

Navistar’s shares fell 43 cents to $19.06 in morning trading Wednesday, the Associated Press reported. Its shares have traded in a 52-week range of $18.47 to $48.18.

By Transport Topics

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