Freaky Friday

Navistar International CEO Dan Ustian is open to offers…

12:55 pm 12/15/06

“If you’ve got a lot of money, come over and see us,” Navistar Chief Executive Dan Ustian said after an analyst asked whether any parties had expressed interest in helping management take the company private. Ustian would not say whether the company had been approached. Press Release

Traders bid up the stock...but it seems he was just kidding…

1:40 pm 12/15/06

Navistar’s top executive later seemed to signal his apparent willingness to entertain offers to take the company private—though a spokesman quickly said the remark was a joke. Follow up press release

Navistar shares are fluctuating on the news.

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