News Summary: Carl Icahn to offer $3B for Oshkosh

Associated Press

SEEKS CONTROL: Billionaire investor Carl Icahn plans to make an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. Icahn also plans to nominate his own slate of directors in a bid for control of the company.

PREMIUM OFFER: The activist investor said Thursday that he will make a tender offer worth $32.50 per share in cash, a 21 percent premium over Oshkosh's latest closing price.

GIVE-AND-TAKE: Icahn had sought seats on the board unsuccessfully last year. He said management has taken a passive attitude toward the company's future and wants it to be more active. Oshkosh asked its shareholders to take no action on the offer until the board reviews it.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You

    • Melania Trump stuns in first lady fashion stakes

      First Lady Melania Trump stunned fashion watchers by donning a sleek, off-the-shoulder cream dress with a daring thigh-high slit to dance with President Donald Trump at the inaugural balls. The new first lady's sartorial picks for the inauguration went some way to silencing critics who have complained in the past that she favored high-end European clothes rather than American creations.

      AFP
    • ESPN drops commentator over Venus Williams 'gorilla' remark

      US broadcaster ESPN has dropped commentator Doug Adler after he compared Venus Williams to a "gorilla" at the Australian Open -- although he insisted the word he used was "guerrilla". ESPN said Adler should have been more careful during his coverage of the seven-time Grand Slam-winner's win over Stefanie Voegele. "During an Australian Open stream on ESPN3, Doug Adler should have been more careful in his word selection," an ESPN statement said.

      AFP
    • 'NCIS: Los Angeles' star Miguel Ferrer dies at 61

      NEW YORK (AP) — Miguel Ferrer, who brought stern authority to his featured role on CBS' hit "NCIS: Los Angeles" and, before that, to NBC crime drama "Crossing Jordan," has died.

      Associated Press
    • Bell & Blount's friendship transcends abrupt exit

      PITTSBURGH (AP) — The football player and friend in Le'Veon Bell understood why LeGarrette Blount walked off the job that cold night in Nashville more than two years ago, jogging to the locker room with the clock still running as Bell and the rest of the Pittsburgh Steelers reveled in a critical victory over Tennessee.

      Associated Press
    • Animal Shelter Offers $11,200 Reward After Rottweiler Is Found With Ears, Nose and Tail Cut Off

      "Baron is doing remarkably well considering his injuries," a veterinarian reported.

      Inside Edition
    • Grown-up Paris Jackson hits her namesake city for Givenchy

      PARIS (AP) — Colorful fall-winter menswear shows in Paris mixed high culture, androgyny and streetwear, as Paris Jackson, the daughter of the late pop icon Michael Jackson, stepped out for the cameras at Givenchy's library show— fittingly in the City of Light.

      Associated Press
    • One of the largest icebergs ever seen is even closer to breaking off Antarctica

      Just 6.4 miles of ice are holding an iceberg the size of Delaware onto the floating Larsen C Ice Shelf in Antarctica, and scientists warn it could cleave off the ice-bound continent at any time. Researchers who closely monitor the crack cutting across this particular Antarctic ice shelf reported on Thursday that it continued to make rapid progress, expanding another six miles in just the past two weeks.  SEE ALSO: An iceberg the size of Delaware is about to break off Antarctica This means that a collapse may be imminent, at which point, one of the top 10 largest icebergs ever observed will break away into the turbulent seas off the coast of the Antarctic Peninsula.  Scientists affiliated with a group that has been tracking the ice melt in this area, known as Project MIDAS, say the iceberg could measure 5,000 square kilometers, or 1,930 square miles. The rift in the Larsen C Ice Shelf, including the 6-mile extension in the past two weeks. Image: Project midas/nasa Scientists are worried that the calving event — which refers to the breaking off of the iceberg from the ice shelf — could speed up the disintegration of the broader shelf and land-based ice that lies behind it. "When it calves, the Larsen C Ice Shelf will lose more than 10 percent of its area to leave the ice front at its most retreated position ever recorded; this event will fundamentally change the landscape of the Antarctic Peninsula," researcher Adrian Luckman wrote in a blog post.  "We have previously shown that the new configuration will be less stable than it was prior to the rift, and that Larsen C may eventually follow the example of its neighbor Larsen B, which disintegrated in 2002 following a similar rift-induced calving event," Luckman wrote. Larsen B Ice Shelf prior to the breakup in 2002. Image: NASA Larsen B Ice Shelf after its breakup in 2002. Image: nasa The researchers found that the rift which had been progressing episodically across the floating ice shelf suddenly grew by 11.2 miles, or 18 kilometers, during the second half of December, leaving only 12.4 miles left connecting the iceberg to its parent ice shelf.  On Thursday, that length declined to 6.4 miles of ice remaining fully intact, which puts the ice shelf in an even more tenuous position.  Scientists are not sure exactly when the iceberg will break free, but they think it will occur soon.  The length and width of the crack in the Larsen C Ice Shelf over time. Image: Project midas "We expect that the iceberg will break free within the next few months, although it's hard to be certain about timing," Martin O'Leary, a researcher at Swansea University in the U.K. who studies the Larsen C Ice Shelf as part of the MIDAS team, told Mashable in an email on Jan. 6. Rifts like this are a natural phenomenon, but such large ones are rare, scientists say. They can destabilize larger parts of ice shelves and land-based ice sheets by exposing more ice to mild ocean waters and air temperatures. This has been happening in parts of the West Antarctic Ice Sheet, but it is not guaranteed to happen with Larsen C. The Larsen C Ice Shelf is the most northerly of the remaining major Antarctic Peninsula ice shelves. This part of Antarctica has been warming rapidly in recent years, and the shelf is being undermined from below by warming ocean waters, as well as from above by increasing air temperatures.  View is of a rift in the Antarctic Peninsula's Larsen C ice shelf from our airborne survey of polar ice: https://t.co/VgjxopHHLI @NASA_ICE pic.twitter.com/gt5mpHqbxn — NASA (@NASA) December 3, 2016 In 2002, Larsen C's neighbor, known as the Larsen B Ice Shelf, disintegrated entirely after a series of similar rift-induced calving events. The Larsen B calving event was featured in the opening scenes of the sci-fi climate change-related disaster film, The Day After Tomorrow . Sea level rise implications Floating ice shelves don't raise sea levels when they disintegrate or lose large icebergs. This is because their ice is already resting in the ocean, like an ice cube in a glass.  However, because they act like doorstops to the land-based ice behind them, when the shelves give way, the land-based glaciers can start sliding into the sea in a process that's difficult (if not impossible) to stop, long-term. It adds new water to the ocean — therefore, increasing sea levels.  The entire West Antarctic Ice Sheet contains enough ice to raise global sea levels by another 10 to 15 feet if it were all to melt. This process would likely take centuries, however, though sea level rise is already accelerating worldwide as glaciers melt and ocean temperatures increase. BONUS: 2016 was Earth's warmest year on record, continuing a three-year streak

      Mashable
    • Prosecutor: 'Dance Mom' should be imprisoned for fraud

      PITTSBURGH (AP) — A prosecutor on Friday urged a federal judge to sentence "Dance Moms" star Abby Lee Miller to prison instead of probation for bankruptcy fraud.

      Associated Press
    • Suspected Orlando Cop Killer Goes on Profanity-Laced Rant in Court

      Suspected cop killer Markeith Loyd -- who was caught Tuesday after a nine-day manhunt in Orlando, Florida -- cursed at the judge in a profanity-laced first appearance in court this morning. Loyd, who was wanted for allegedly killing Master Sgt. Debra Clayton of the Orlando Police Department this month, was in court today charged with killing his pregnant ex-girlfriend Sade Dixon in December. Loyd has not yet been charged in connection with Sgt. Clayton’s murder.

      ABC News
    • Melania Trump Speaks at Inaugural Armed Services Ball

      First lady Melania Trump addressed active duty military and veterans at the inaugural Armed Services Ball Friday evening in Washington, D.C.

      WSJ Live
    • Inside Edition
    • New Documents Show Bin Laden Was Paranoid About Biological Trackers

      The declassified documents, seized by the Navy Seals team responsible for killing Osama in 2011, include letters to family, expense account entries, and Bin Laden's observations on world events.

      International Business Times
    • The Latest: You snooze, you lose: Dimitrov OK with timing

      MELBOURNE, Australia (AP) — The latest from the Australian Open on Saturday (all times local):

      Associated Press
    • Woman charged in teen's shooting says she felt unsafe

      MACON, Ga. (AP) — A central Georgia woman charged with shooting a teenage boy in the head said she and her husband had been terrorized by young people throwing rocks for days before she opened fire.

      Associated Press
    • US strike killed over 100 Al-Qaeda fighters in Syria: Pentagon

      Washington (AFP) - A US strike has killed more than 100 Al-Qaeda fighters at a training camp in northwestern Syria, the Pentagon said Friday.

      AFP
    • Delaware welcomes Joe Biden home after decades in Washington

      WILMINGTON, Del. (AP) — On his last day as vice president, Joe Biden briefly revived a tradition he had followed faithfully as a U.S. senator for Delaware: He rode the commuter train home from Washington.

      Associated Press
    • Hawaii bill compels mediation for Zuckerberg-type land deals

      HONOLULU (AP) — A Hawaii lawmaker said Friday he plans to introduce legislation that could force Facebook CEO Mark Zuckerberg into mediation before he is allowed to buy real estate on Kauai island.

      Associated Press
    • Here’s a look at the Fashion Moments of the Inauguration

      America's first immigrant First Lady since Louisa Adams paid homage to the old guard of American fashion in a powder blue suit by Ralph Lauren Collection.

      Elle Videos
    • Photo gallery: First lady Melania Trump's personal style

      In body-hugging gowns and ladylike daywear, will first lady Melania Trump stay true to her personal style?

      Associated Press
    • Someone at the National Park Service is obviously not happy about Trump's inauguration

      Today's peaceful inauguration of President Donald J. Trump won't stop disgruntled government employees from passive aggressively using Twitter. Though today is supposed to represent a calm transition of power, at least one branch of the government decided to flex its social media presence and point out some negative aspects about the incoming administration.  The National Park Service, the government agency that manages all U.S. national parks, or at least the person running its Twitter account, decided not to take Trump's oath of office lying down. Though not directly tweeting anything, after the official swearing in, the account retweeted two tweets that carried a definite partisan bias, pretty unusual for a government agency.  The first retweet shared by the agency was an Esquire article detailing the fact that civil rights, climate change and healthcare issues no longer appear on the White House's website. The second  retweet was from New York Times correspondent Binyamin Applbaum's showing two pictures comparing the size of Trump's inaugural crowd versus Obama's in 2009. It wasn't long before the media, particularly the correspondent who was retweeted, found something unusual in the agency's social media usage.  Looks like the Trump administration hasn't taken control of the @NatlParkService Twitter feed just yet. pic.twitter.com/dCKGHoW0cU — Binyamin Appelbaum (@BCAppelbaum) January 20, 2017 So, the National Park Service just retweeted a pic of the small crowd for Trump's inauguration today compared to Obama's. pic.twitter.com/uI3t4kRvCN — Steve Kopack (@SteveKopack) January 20, 2017 And it wasn't long before people started praising the agency's civil disobedience.  National Park Service twitter shade also makes me happy. https://t.co/hCnU5CiAyI — Mike Sandmel (@mikeysandmel) January 20, 2017 I love the National Park Service. https://t.co/gxn72UGhUF — Joel Housman (@joelhousman) January 20, 2017 In the #ParksandRec timeline, Leslie Knope works at the National Park Service in 2017, right? #InaugurationDay https://t.co/aPSd6XwQr5 — Bill Kuchman (@billkuchman) January 20, 2017 The retweets were eventually deleted from the account.  On Friday evening, Gizmodo reported the National Park Service had been banned from tweeting from its accounts. In a leaked email obtained by the publication, it informed the agency's staff to “immediately cease use of government Twitter accounts until further notice." Mashable has reached out for comment from the National Park Service and will update this story with any further information.  Updated : Saturday, Jan. 21, 12 a.m. BONUS: Trump's 2017 vs Obama's 2009: A brutal inaugural concert comparison

      Mashable