Carl Icahn's push for influence at two U.S. truck makers returns to the spotlight this weekend as director nominations for one of those companies -- Oshkosh Corp <OSK.N -- are due.The billionaire investor has owned nearly 10 percent of Oshkosh since mid-year, but his interest in the Wisconsin truck maker attracted an added layer of attention last month when he bought a similarly sized stake in Navistar International Corp . While Icahn appears to have more momentum for gaining a board seat at Navistar, the Oshkosh deadline will be closely watched, especially due to the fact there are two vacant director positions.Oshkosh Chief Executive Officer Charles Szews was asked about the upcoming deadline during the company's fiscal fourth quarter earnings call earlier this week, but he repeatedly avoided commenting on the matter.As of Friday, the combined value of Icahn's Oshkosh and Navistar holdings is about $500 million. His move to purchase considerable stakes in both companies sparked speculation that he could attempt to steer the companies into a merger. Icahn has met with management at both companies in recent months.
Navistar International Corporation (NIC) is a holding company, whose principal operating subsidiaries are Navistar, Inc. Shares of NAV traded higher by 0.47% or $0.2/share to $42.56. In the past year, the shares have traded as low as $30.59 and as high as $71.49. On average, 1705560 shares of NAV exchange hands on a given day and today's volume is recorded at 593688.
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