MHR Fund Puts Up $82M For 14% Stake In Truck Maker

Law360, New York (June 15, 2012, 3:03 PM EDT) -- New York-based private fund firm MHR Fund Management LLC has acquired a 13.6 percent stake in financially beleaguered Illinois truck and engine maker Navistar International Corp. for more than $82 million, MHR said in a regulatory filing Friday.

The fund firm acquired the sizable minority stake in Navistar through a series of share purchases on the open market between May 22 and June 13, according to a filing with the U.S. Securities and Exchange Commission. MHR acquired a 9,335,837 common shares of Navistar at various prices...
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