YOUR FRIENDS' ACTIVITY

    Carl Icahn offers to buy Oshkosh for about $3B

    Associated Press – Thu, Oct 11, 2012

    NEW YORK (AP) — Billionaire investor Carl Icahn is making an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. Icahn says he also plans to nominate his own slate of directors in a bid for control of the company.

    The activist investor is offering $32.50 per share in cash, a 21 percent premium over Oshkosh's latest closing price.

    Icahn had sought seats on the board unsuccessfully last year. He says management has taken a passive attitude toward the Wisconsin-based company's future and wants it to be more active.

    Oshkosh didn't immediately respond to a call and email seeking comment.

    Its shares gained $3.40, or 12.7 percent, to $30.25 in midday trading. The shares are up 36.6 percent July 25, the day before the company's fiscal third-quarter report.

    Loading...

    More Business News

     

    News for You »

    • What We Know About the Record Breaking Powerball Jackpot's Mystery Winner

      The frenzy for last minute tickets is over. The numbers have been picked out. Somewhere, a single person is $590.5 million richer. Last night's record Powerball jackpot has a winner but we have no idea who that person is yet. 

    • Steve Jobs widow: How is Laurene Powell Jobs spending her wealth?

      For most of her 20-year marriage to Steve Jobs, Laurene Powell Jobs was content to be a behind-the-scenes philanthropist.

    • Women grab race spots on Bump Day at Indy

      (Reuters) - The 33 car field for the Indianapolis 500 was set on Sunday with women drivers claiming three of the nine spots on offer on Bump Day. Brazil's Ana Beatriz and Britain's Pippa Mann and Katherine Legge joined Swiss Simona De Silvestro, who was among the 24 cars that qualified on Saturday for next Sunday's race. "I'm much happier than I was this time yesterday (Saturday)," said Mann, who failed to earn a spot on Pole Day at the famed Brickyard. "This was a nice, clean run. "We almost had four really nice clean laps... I'm happy right now, much less stressed than I was yesterday. ...

    • Report: Obama Administration Apologizes for Another National Security Leak

      “Can you imagine if things were reversed and somebody did that to the U.S.?"

    • After nearly 30 years, Camp Lejeune coming clean

      CAMP LEJEUNE, N.C. (AP) — Purple wildflowers sprout in abundance around the bright-yellow pipe, one of several jutting from the sandy soil in this unassuming patch of grass and mud. A dirty hose runs from the pipe to an idling truck and into a large tank labeled, "NON-POTABLE WATER."

    • Why Facebook makes breaking up even worse

      Don't underestimate the emotional pain of going from "In a Relationship" to "Single"

    • British man in France admits slitting his two children's throats

      LYON, France (Reuters) - A British father living in France has admitted to killing his two children by slitting their throats, blaming a rocky divorce from his wife, prosecutors said on Sunday. Police arrested the 48-year-old unemployed man on Saturday after the bodies of his 5-year-old daughter and 10-year-old son were found at his apartment in a suburb of the eastern city of Lyon. "He offered explanations linked to the children's custody," an official from the Lyon prosecutor's office told Reuters. ...

    • Marine daughter seeks dignity for 'Devil Dog pups'

      JACKSONVILLE, N.C. (AP) — As she flipped through the cemetery register, Mary Blakely's eyes filled with tears. On line after line, the entry read simply "Baby Boy" or "Baby Girl," followed by a surname and a burial date.

    Show More
    Loading...

    Follow Yahoo! News

    Brought to you byYahoo! Finance