Renault to Buy Mack Trucks: Allentown, Pa.-based...
From Times Staff and Wire Reports
Renault to Buy Mack Trucks: Allentown, Pa.-based Mack Trucks Inc. abandoned its effort to stay independent by accepting a sweetened merger offer from Renault of France. Under the agreement, Regie Nationale des Usines Renault, which now owns about 44.5% of Mack, would acquire all remaining shares for $6.25 each, or about $103 million.
