Expect Navistar International Corp.'s board of directors to comply with shareholder wishes and abolish a special takeover defense that makes it extremely expensive for hostile acquirers, analysts say. “I don't think the board is going to act contrary to shareholder initiative,” says Raj Kothari, an analyst with the investment banking firm GMA Capital. Over 80% of shareholders voted last week to repeal the protection measure. It suggests Navistar's deal, announced Feb. 12, to make ...
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