Oshkosh Responds to Carl Icahn's Bid to Buy the Company

Oshkosh Corporation, Oshkosh, Wis., has issued a response regarding Carl Icahn’s stated intention to commence a tender offer for “any and all” of the outstanding common shares of Oshkosh at $32.50 per share in cash and nominate directors to the Oshkosh board of directors at the company’s 2013 annual meeting. Oshkosh noted that at Oshkosh’s 2012 annual meeting, Icahn was unsuccessful in his attempt to elect any of his six director nominees to the Oshkosh board.

 

Oshkosh board of directors, in consultation with its financial and legal advisers, will advise shareholders of its position regarding the unsolicited tender offer within 10 business days from the date of commencement by making available to shareholders and filing with the Securities and Exchange Commission a Solicitation/Recommendation Statement on Schedule 14D-9. Oshkosh shareholders are advised to take no action at this time pending a review of the unsolicited tender offer by the Oshkosh Board.

 

Goldman, Sachs & Co. is serving as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP and Foley & Lardner LLP are serving as legal advisors to the company.