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News Breaks
November 29, 2012
09:16 EDTOSKCarl Icahn issues statement regarding tender offer for Oskhosh for $32.50/share
"As you know, our any and all tender offer is set to expire this Monday, December 3, 2012. However, as we previously indicated, if as of that date, at least 25% of the outstanding OSK shares are validly tendered in our tender offer, we believe this would indicate that we would have an excellent chance of prevailing in our proxy contest. Therefore, so long as we receive that level of support, we intend to continue our proxy fight and extend the expiration date of the offer until Oshkosh holds its upcoming annual shareholder meeting, at which time the results of our proxy contest will be obtained...However, 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. This board has made some modest concessions which we believe are a response to our tender offer, such as finally putting some concrete parameters around a stock buyback program, in an effort to address a very weak capital allocation track record. However, we believe this represents too little, too late."
News For OSK From The Last 14 Days
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July 31, 2015
08:59 EDTOSKOshkosh outlook still positive, says Stifel
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July 30, 2015
09:25 EDTOSKOn The Fly: Pre-market Movers
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09:22 EDTOSKOshkosh downgraded to Hold from Buy at Drexel Hamilton
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07:14 EDTOSKOshkosh sees FY15 net sales of approx. $6.1B, consensus $6.39B
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07:14 EDTOSKOshkosh cuts FY15 adjusted EPS view to $3.00-$3.25 from $3.75-$4.00
Consensus is $3.77. “We are reducing our full year 2015 expectations for adjusted EPS to a range of $3.00 to $3.25 based on lower expected sales in our access equipment segment,” said Charles L. Szews, Oshkosh Corporation CEO. “While we are adjusting our access equipment segment expectations, we are confident in the overall strength of our business and expect improved financial performance in fiscal 2016 led by a strong recovery in our defense segment.
07:13 EDTOSKOshkosh reports Q3 adjusted EPS $1.23, consensus $1.24
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