Rapid Fire Oct. 12, 2012: Icahn Really Wants Oshkosh
- Investor Carl Icahn made an offer on the Oshkosh shares he does not already own for $2.7B, valuing the overall firm at $3B. With his current stake of about 9.5%, Icahn is the largest shareholder, but his proxy battle back in January failed. This follows a consistent takeover MO that Icahn applied across industries, with varying degrees of success. Earlier this week Navistar, where Icahn also ramped up a significant stake, appointed 3 board directors at his request. According to the Financial Times he is no longer interested in merging the two truck manufacturers.