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Icahn Discloses 9.8% Stake in Navistar

October 14, 2011, 08:13 PM
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Topic: Equipment News

Bloomberg reported that billionaire Carl Icahn holds a 9.8 percent stake in the company.

Per this report, Icahn, who has been known to purchase shares in companies he considers to be under-performing, has held talks with the management about adding people to its board.

The article also stated that last month, Navistar reported third quarter profit of $61 million, excluding a tax allowance, as lower-priced fleet sales accounted for a larger share of the company’s business.

 

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