Navistar Amends Existing Stockholder Rights Plan And Adopts Tax Asset Protection Plan

LISLE, Ill., June 24, 2014 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) announced today that its Board of Directors approved an amendment to the company's Stockholder Rights Plan that, in essence, turns the existing Stockholder Rights Plan into a Tax Asset Protection Plan. This Tax Asset Protection Plan was adopted to protect the long-term value of Navistar's substantial tax assets and will expire on September 1, 2014. The existing Stockholder Rights Plan was to expire on July 1, 2014.

HSM Celebrates 70 Years of Innovation and Growth

HICKORY, N.C. -- HSM, the global manufacturer of components and provider of integrated solutions to the transportation, furniture, bedding and a growing number of diversified markets, is celebrating its 70th anniversary this year. The company’s 70-year history has been marked by innovation and growth, as it has transformed from a components supplier to an international provider of high-value solutions, culminating in a complete rebrand and restructuring last year that included a name change and a new market-focused strategy.