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Earnings - USA - Navistar may have to restate its
Truckmaker offers to buy back bondsThe Chicago Tribune, by James P. Miller -Feb 22, 2006: -- Navistar International Corp. on Tuesday warned investors that the dispute with its outside auditor means it might have to restate previous years' results and that it remains unable to provide guidance about earnings for the fiscal year ended Oct. 31... The Warrenville-based truckmaker reiterated that it is making progress in resolving its protracted standoff with Deloitte & Touche LLP. A spokesman declined to elaborate on the possibility of a restatement... Navistar also launched an offer to buy back more than a billion dollars of senior bonds that creditors claim are in default...
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