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Icahn Abandons Effort To Take Control Of Oshkosh Corp-Reuters


Tuesday, 4 Dec 2012 10:22am EST 

Reuters reported that Carl Icahn on Tuesday abandoned his effort to acquire control of U.S. truck and military vehicle maker Oshkosh Corp after shareholders tendered fewer shares than he had hoped for. Only 22% of shares were tendered in his $32.50 per share offer, less than the 25% threshold Icahn had sought. Icahn, who remains Oshkosh's shareholder with a 9.5% stake, had said that many shares would have improved his chances of overhauling the board of the Oshkosh, Wisconsin-based company. 

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