01.07.2011

Carl Icahn takes position in Oshkosh

The infamous financier and shareholders rights lobbyist Carl Icahn has purchased a 9.5 percent stake in JLG parent- Oshkosh.

Icahan previously known as a ‘corporate raider’ has held major positions in many well-known companies over the years including TWA which he helped to push into the red. In recent years he has limited himself to buying significant stakes in major public companies and then agitating for seats on the board and pushing the management to follow his agenda.
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Carl Icahn

With Oshkosh he has already said that he wants to meet with the company’s management to discuss enhancing shareholder value, for which read - make major changes to boost the short term share price.
Oshkosh stock reacted positively to the news as one might expect.