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Icahn Launches Tender Offer For Oshkosh

Defense Daily Staff

Thursday, October 18th, 2012

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Icahn Enterprises [IEP] yesterday launched its planned tender offer for control of Oshkosh Corp. [OSK], saying it is offering the truck maker’s shareholders $32.50 for each share of common stock. The $3 billion takeover offer was first announced last week by the company, which is led by the iconic activist investor Carl Icahn (Defense Daily, Oct. 12). Icahn already owns nearly 10 percent of Oshkosh. Icahn believes that Oshkosh has been passive about maximizing its value. He failed earlier this…

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