Icahn Urges Oshkosh To Spin Off Construction Equipment Co.

Law360, New York (August 9, 2012, 5:32 PM EDT) -- Activist investor Carl Icahn is pushing the management of truck manufacturer Oshkosh Corp. to split off a construction and lift equipment unit he says is strong enough to stand on its own, according to a Thursday filing with the U.S. Securities and Exchange Commission.

In talks Thursday, Icahn told Oshkosh top brass that the value of JLG Industries Inc. would be lost on shareholders as long as it stayed fully under the umbrella of its more prominent parent, the filing said. JLG has swung back after...
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