Navistar International Corp. has announced a voluntary plan through which those owning fewer than 100 shares may either sell their holdings or purchase shares to bring them up to 100,
according to a Form 8-K filed this week with the Securities and Exchange Commission.
Navistar won't buy or sell any of these shares but will use Georgeson Shareholder, a firm specializing in odd-lot programs, to purchase the shares for eligible shareowners and administer the program, according to a Dow Jones Newswires report.
Participants will pay a fee of $3 a share up to $35 per account. Shares will be bought or sold on the open market through a broker. Eligible holders will be notified by mail and will have until Dec. 20 to participate.
The filing didn't provide any other details about the program.
Navistar, based in Chicago, produces heavy-duty and medium-sized trucks, school buses, diesel engines and replacement parts.
according to a Form 8-K filed this week with the Securities and Exchange Commission.
Navistar won't buy or sell any of these shares but will use Georgeson Shareholder, a firm specializing in odd-lot programs, to purchase the shares for eligible shareowners and administer the program, according to a Dow Jones Newswires report.
Participants will pay a fee of $3 a share up to $35 per account. Shares will be bought or sold on the open market through a broker. Eligible holders will be notified by mail and will have until Dec. 20 to participate.
The filing didn't provide any other details about the program.
Navistar, based in Chicago, produces heavy-duty and medium-sized trucks, school buses, diesel engines and replacement parts.
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