What happened Volkswagen's (OTC: VWAGY) acquisition of Navistar International (NYSE: NAV) is back on. Navistar stock gained on the news this morning, up 21% as of 10:40 a.m. EDT. Two days ago, the German automaker's deal to acquire the American truck maker appeared to be on the rocks. Volkswagen had sent Navistar a letter warning it to essentially put up or shut up -- quit complaining about the price and accept the $43-A-SHARE bid offered by Volkswagen subsidiary Traton by the Oct. 16 deadline, or see Traton withdraw the offer. Today, Navistar sent a letter to Traton in response, saying that it's prepared to accept an offer of $44.50 per share for all of its shares outstanding. Image source: Getty Images. So what If you recall, the problem Wednesday was that big Navistar shareholders Carl Icahn and MHR Fund Management wanted to hold out for a $50 to $70 buyout price. Navistar's letter to Traton now indicates, however, that these "two largest shareholders" are on board with a much lower $44.50 buyout price. That sounds like bad news for other shareholders, who may have been holding out for a higher price. But after watching Navistar's stock price plunge on the prospect that they might get no buyout price at all, today's news must come as a relief. Now what Now, it looks like the international merger is going full speed ahead, and Bloomberg reports that all parties are "nearing an agreement to acquire the rest of Navistar International Corp. for $3.69 billion" total at the $44.50 price. Navistar stock has recovered almost all of its losses of earlier this week and was at $42.85 in morning trading. 10 stocks we like better than Navistar InternationalWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Navistar International wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 24, 2020 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source