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Shares of Navistar (NAV) - Get Navistar International Corporation Report  were rising by 2.62% to $26.68 on Monday morning, after it was disclosed that billionaire investor Carl Icahn increased his stake in the heavy machinery and vehicles company.

Icahn raised his stake to 17.02% as of Friday, noted a filing with the Securities and Exchange Commission. The company previously held a stake of 16.61%.

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