Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
11/30/2012 11:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Icahn to Drop Oshkosh Takeover Bid if Support Falls Short

Investor Carl Icahn said he will drop his offer to buy Oshkosh Corp. if less than a quarter of shares are tendered by next week, Bloomberg reported.

His offer to buy the truck maker for $3 billion is set to expire Dec. 3, Bloomberg reported.

The company’s stock fell 4.3% to close Thursday at $30.07, the biggest one-day decline since June 25.

Icahn — Oshkosh’s largest investor with a 9.5% stake — has criticized the firm’s executives for poor performance and said his proposal would equate to about $32.50 a share, Bloomberg previously reported.

Oshkosh told shareholders in a statement Thursday “to ignore Carl Icahn’s last minute plea to support his highly conditional, inadequate and opportunistic offer.”

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement