Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Carl Icahn Urges Oshkosh To Sell JLG

ICAHN CAPITAL LPCorporate raider Carl Icahn delivered a presentation to Oshkosh’s shareholders. Icahn believes JLG was a wrong deal for Oshkosh, and he urges the board to sell its JLG access equipment line.

Icahn is now Oshkosh’s largest shareholder. Along with the presentation came out late yesterday, Icahn also elected six candidates for Oshkosh’s board. He said Oshkosh was failed to deliver returns for its shareholders and was in the bottom when compared to its peers. JLG might be worth more in the hands of another owner, even worth more than the entire market cap of Oshkosh. “Management should admit they made a mistake in buying JLG and explore alternatives for the decision,” said Icahn.

In response, Oshkosh accused Icahn of lacking understanding of the industry. The company said Icahn’s slate consists of persons that are close to him, although they do have relevant experiences.

(To see the full presentation, click here)