Shares of Oshkosh Corp (OSK.N) shot up more than 14 percent on Friday after billionaire investor Carl Icahn reported a 9.5 percent stake and said he was seeking talks with the specialty truck maker to enhance shareholder value. "While near-term end market concerns continue, an activist shareholder could unlock significant value, in our view," Jefferies & Co. analyst Stephen Volkmann said in a note to clients on Friday. He added that a split of the company's businesses, which include military vehicles and specialty trucks for construction, could be "relatively painless." Shares of Wisconsin-based Oshkosh, which makes everything from tactical vehicles for the military to fire and emergency equipment and cement mixers, jumped more than 14 percent to $33.06 on the New York Stock Exchange, valuing the firm at more than $3 billion.
Oshkosh Corporation (Oshkosh) is a designer, manufacturer and marketer of a range of vehicles and vehicle bodies. Shares of OSK traded higher by 13.89% or $4.02/share to $32.96. In the past year, the shares have traded as low as $24.63 and as high as $40.11. On average, 1522800 shares of OSK exchange hands on a given day and today's volume is recorded at 6929081.
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