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Oct 26- Oshkosh Corp's board unanimously rejected billionaire investor Carl Icahn's offer to buy the specialty truck maker, calling the bid ``inadequate,'' the company said on Friday.
Oct 26- Oshkosh Corp's board unanimously rejected billionaire investor Carl Icahn's offer to buy the truck maker, calling the bid ``inadequate,'' the company said on Friday.
NEW YORK, Oct 26- The board of truck maker Oshkosh Corp unanimously rejected billionaire investor Carl Icahn's offer to buy the company, calling it ``inadequate,'' the company said on Friday. The board ``unanimously concluded that Mr.
NEW YORK-- DECISION TIME: Oshkosh Corp. rejected a buyout offer Friday from billionaire investor Carl Icahn Friday. QUARTERLY RESULTS: Oshkosh also reported fiscal fourth-quarter adjusted earnings from continuing operations of 65 cents per share on revenue of $2.06 billion.
Oct 26- Specialty truckmaker Oshkosh Corp on Friday reported higher fourth-quarter profit and reaffirmed its 2013 outlook and forecast that adjusted earnings would double by fiscal 2015..
OSHKOSH, Wis.-- Oshkosh rejected a buyout offer from billionaire investor Carl Icahn Friday. Shares in Oshkosh Corp. rose 18 cents to close at $29.92 Friday. Oshkosh also reported Friday that its fiscal fourth-quarter net income more than doubled to $78.9 million, or 86 cents per share, compared with $37.5 million, or 41 cents per share, a year earlier.
OSHKOSH, Wis.-- Oshkosh is rejecting a buyout offer from billionaire investor Carl Icahn. Shares in Oshkosh Corp. are up 25 cents to $29.99 in early trading. Earlier this month Icahn said he planned an unsolicited bid that valued Oshkosh at almost $3 billion, and said he would nominate a competing slate of directors in a bid for control of the company.
*Barrington raises Oshkosh Corp price target to $40 from $35; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
--Carl Icahn has offered to buy all the outstanding shares of specialty vehicle manufacturer Oshkosh Corp..
*Sprint Nextel Corp said Thursday that it was in discussions with SoftBank Corp over a "potential substantial investment". The talks, which began this summer, center on SoftBank, a Japanese telecommunications company, paying $12.5 billion for a stake of about 70 percent in Sprint, according to a person briefed on the matter.
*Sprint volume surges, shares jump on Softbank deal reports. Traders have been bearish recently, with the S&P 500 down 2 percent in the last five sessions in anticipation of a weak earnings season. AT&T and Verizon also weighed after news that Japan's Softbank may buy a majority stake in their competitor, Sprint Nextel.
THE JOBS REPORT: The Labor Department reported that weekly unemployment claims fell to their lowest level since February 2008. Sprint Nextel said that a Japanese cell phone company, Softbank Corp., is in talks to invest in the company. Truck company Oshkosh Corp. rose after activist investor Carl Icahn offered to buy the company.
NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Sprint Nextel Corp., up 72 cents at $5.76. Safeway Inc., down 58 cents at $15.71.
The Dow Jones industrial average rose as much as 83 points, shrugging off a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. "There's not a lot to move the market today," said Erik Davidson, deputy chief investment officer of Wells Fargo Private Bank in San Francisco. "
*S&P Capital IQ raises Oshkosh Corp to buy from hold; target price to. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
SEEKS CONTROL: Billionaire investor Carl Icahn plans to make an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. Icahn also plans to nominate his own slate of directors in a bid for control of the company.
NEW YORK-- Billionaire investor Carl Icahn plans to make an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. The activist investor said Thursday that he will make a tender offer worth $32.50 per share in cash, a 21 percent premium over Oshkosh's latest closing price.
Oshkosh needs proactive shareholders to bring a proactive management team together to weather a volatile economy. " Oshkosh said its board would advise shareholders of its position on the offer within 10 business days, and suggested that shareholders not act on the offer until the board has reviewed it.
Oct 11- Activist investor Carl Icahn on Thursday offered to buy all outstanding shares of U.S. truckmaker Oshkosh Corp for $32.50, a 21 percent premium to their Wednesday closing price. Oshkosh needs proactive shareholders to bring a proactive management team together to weather a volatile economy. "