(Reuters) - Navistar spokesman Roy Wiley said the company adopted the
plan "just to protect our shareholders because they don't have
current financial information" on the company that would permit
them to assess the fairness of any takeover bid.
Navistar has delayed filing its 2005 through 2007 earnings
and warned it will restate results back to 2002 to correct
errors that led it to fire its long-time auditor last year. It
has said it expects to report earnings through 2005 by the end
of September and 2006 and 2007 results by the end of the first
quarter of 2008.
Read more at Reuters.com Mergers News
plan "just to protect our shareholders because they don't have
current financial information" on the company that would permit
them to assess the fairness of any takeover bid.
Navistar has delayed filing its 2005 through 2007 earnings
and warned it will restate results back to 2002 to correct
errors that led it to fire its long-time auditor last year. It
has said it expects to report earnings through 2005 by the end
of September and 2006 and 2007 results by the end of the first
quarter of 2008.
Read more at Reuters.com Mergers News
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