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Oshkosh Corporation Responds To Billionaire Icahn

Mon, 10/22/2012 - 1:35pm

OSHKOSH, Wis.--(BUSINESS WIRE)--Oct 22, 2012--Oshkosh Corporation (NYSE: OSK), a leading manufacturer of specialty vehicles and vehicle bodies, today issued the following statement in response to Carl Icahn’s October 22, 2012 open letter to shareholders:

The Oshkosh Board of Directors, in consultation with its financial and legal advisors, will advise shareholders of its position regarding Carl Icahn’s unsolicited tender offer and expected slate of director nominees. Oshkosh will submit its response to Mr. Icahn’s unsolicited tender offer not more than 10 business days from October 17, 2012, the date of commencement of the tender offer, 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.

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