Icahn Files Proxy Statement for Oshkosh (OSK) Tender
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Icahn Initiates $32.50/Share Hostile Offer for Oshkosh (OSK)
October 11, 2012 11:27 AM EDTCarl C. Icahn today announced his intention to initiate an any and all tender offer for the outstanding shares of common stock of Oshkosh Corporation (NYSE: OSK) at $32.50 per share in cash. The tender offer price represents a premium of approximately 21% over the stocks closing price on October 10, 2012 (the trading day immediately prior to this announcement), which was $26.85. Mr. Icahn also announced his intention to nominate a slate of directors for election to the Oshkosh board at the upcoming annual meeting.
The tender offer will not be subject to due diligence or financing or any minimum tender condition but will be subject to the election of Mr. Icahns nominees to the Oshkosh board at the upcoming annual meeting so that Mr. Icahns proposed nominees, if elected, can remove impediments to the offer under Wisconsin law.
The tender offer will have an initial expiration date of 45 days following commencement. We urge you to tender your shares promptly. If we receive at least 25% of the outstanding shares tendered prior to the initial expiration date, we believe this would indicate that we... More
