Traton, Volkswagen's VOWG_p.DE truck unit, said it owns a 16.8% stake in Navistar.
Traton has agreed to pay $35 per Navistar share.
(This story corrects headline to say Traton “offers to buy”, not “to buy”)
Reporting by Kanishka Singh in Bengaluru; Editing by Shinjini Ganguli
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