* Icahn vs Oshkosh: "The Board Has Failed Shareholders"
New York,NY,USA -The WSJ -6 Jan 2012: -- Activist investor, Carl Icahn, said Friday that Oshkosh Corp.'s management team should be replaced for failing to confront the challenges facing the truck maker... Icahn sends letter to Oshkosh shareholders, where responds to criticism leveled by Oshkosh executives and directors... Icahn says Oshkosh board hasn't enhanced shareholder value... In the letter sent in support of his six candidates for the company's board, Icahn launched a caustic counterattack against Oshkosh executives and directors who have tried to portray him as clueless about company's business operations and lacking ideas to improve ...
* Carl Icahn “JLG Business Worth More Than Oshkosh’s Market Cap”
New York,NY,USA -ValueWalk, by Jacob Wolinsky -January 9, 2012: -- Truck maker Oshkosh Corp. could sell its JLG access equipment line more than Oshkosh’s entire market capitalization, activist investor Carl Icahn said Monday... In a presentation to Oshkosh shareholders released late Monday, Icahn suggested JLG could fetch as much as $2.3 billion, or $25 per Oshkosh share. Oshkosh’s stock closed Monday’s regular trading session at $23.81 a share, giving the company a market capitalization of about $2.2 billion... The presentation, which was filed in support of Icahn’s slate of six candidates for the Oshkosh board, said the proceeds from the sale could be used to pay down Oshkosh’s debt, allowing the company to pursue acquisitions that would complement Oshkosh’s commercial and military truck lines. JLG manufacturers self-propelled material lifters and elevated work platforms used at construction sites... Icahn, who is Oshkosh’s largest shareholder, said JLG has been a major distraction for Oshkosh’s management team, causing it to miss opportunities to buy or sell businesses to improve the company’s performance...Labels: truckmakers news USA
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New York,NY,USA -The WSJ -6 Jan 2012: -- Activist investor, Carl Icahn, said Friday that Oshkosh Corp.'s management team should be replaced for failing to confront the challenges facing the truck maker... Icahn sends letter to Oshkosh shareholders, where responds to criticism leveled by Oshkosh executives and directors... Icahn says Oshkosh board hasn't enhanced shareholder value... In the letter sent in support of his six candidates for the company's board, Icahn launched a caustic counterattack against Oshkosh executives and directors who have tried to portray him as clueless about company's business operations and lacking ideas to improve ...
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