03.11.2006

JLG shareholders meeting set

JLG has announced that it has called a shareholders meeting for December 4th to consider and vote the acquisition of the company by Oshkosh.

The meeting will be held at 10:00 a.m. local time on Monday, December 4, 2006 at the offices of Covington & Burling LLP, 1330 Avenue of the Americas, New York, NY 10019.

The Company's board of directors has unanimously recommended that shareholders vote "FOR" the adoption and approval of the Agreement and Plan of Merger.

Vertikal Comment

It is certain that JLG already has the approval of at least a massive minority of its shareholder votes committed to the deal. With Oshkosh paying such a massive premium it is hard to imagine that many shareholders will be against the deal.

Oshkosh shareholders might of course take a different view.