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Business/Financial

Navistar Issues Statement Refuting Carl Icahn’s Concerns

By Cal Biesecker

Tuesday, September 11th, 2012

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Navistar International Corp. [NAV] yesterday responded with “disappointment” to an open letter issued Sept. 9 by activist stockholder Carl Icahn that called the company “a poster child for abysmal business decisions and poor corporate governance.” “Navistar maintains an ongoing dialogue with its shareholders, and appreciates their input and views,” the company statement said. “As such, after a year of dialogue, we are extremely disappointed that Mr. Icahn has chosen to pursue his unproductive tactics of threats, attacks, and disruption rather…

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