Oshkosh Corporation OSK, a leading manufacturer of specialty vehicles
and vehicle bodies, today issued the following statement in response to the
press release Carl Icahn issued earlier today announcing the expiration of his
unsolicited tender offer after failing to meet his 25% tender threshold:
The Board and management team thank shareholders for their continued support.
We remain focused on continuing to successfully execute the Company's MOVE
strategy and on generating substantial value for our shareholders.
Mr. Icahn pledged to shareholders in a press release on November 29, 2012,
that “if we do not receive tenders of at least 25% of the outstanding shares
by the expiration of the offer on December 3rd, we will respect the
shareholders' wishes, drop our tender offer and proxy fight and move on to
other endeavors.” Given today's tender results, Oshkosh looks forward to
moving ahead without the unnecessary expense and distraction of a proxy
contest.
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