Can icahn shake up oshkosh

Carl Icahn has a bit of a heads up for Oshkosh holders: If even a quarter of them agree with his plan to shake up the company, he'll keep pushing. The activist investor is in the midst of a tender offer and proxy fight for the truck and emergency vehicle company as he looks to take control and shed some assets. You may change your billing preferences at any time in the Customer Center or call Customer Service.

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Dow Jones. By David Benoit. In October, he announced his offer to buy all of the shares and said he wanted to replace the member board of directors with his nominees, including himself. Now, Icahn says he's not asking shareholders to make a decision on selling their shares at this time, but to "support an extension of the offer and to send a strong signal to the board and management team at Oshkosh.

In other words, you could tender your shares now - and keep Icahn's bid to control the company alive - and still have time to withdraw them if you changed your mind. Icahn continues to pursue flawed and ever-changing platforms, devoid of credible ideas or analysis," the company said in a statement.

While Icahn said he believes the company has made some concessions in response to his offer, such as outlining a stock repurchase program, he said the concessions were "too little, too late.

Icahn is known for buying stakes in struggling companies and shaking them up to increase the value of the shares. He has proposed replacing Oshkosh's board with a slate of directors that would spin off the company's JLG aerial-lift equipment business into a separate public company. Then, investors could choose between the truck manufacturing business and JLG, which is focused on the construction industry.

This is the second time Icahn has attempted to take control of Oshkosh Corp. Analysts say there's no indication he has enough support, especially from large institutions that control most of the stock. It's too low," Brady said. Still, there's not much on the horizon that would push the share price higher, according to Reis. As the United States winds down the war in Afghanistan, combined with other Pentagon spending cuts, Oshkosh's defense business is vulnerable, according to analysts and those who follow military spending trends.

The company's booming military business has masked weaknesses in its other divisions, according to Reis.