Icahn buys 10 percent of Navistar’s stock

| Monday, October 17, 2011

The man who some people blame for dismantling Trans-World Airlines years ago and selling off its most valuable assets has purchased nearly 10 percent of the stock of Navistar, the parent company of International Truck and Engine Co.

The Wall Street Journal reports Carl Icahn thought the company’s stock was undervalued and now wants to get people on the board of directors who agree with his approach to business.

This summer, Icahn bought nearly 10 percent of the stock in Oshkosh, which mainly makes specialty vehicles, including military trucks.

Comments