Private investors buy into Oshkosh

News Story
- 22 Aug 2013 ( #630 ) - Oshkosh, WI, United States
1 min read
A privately owned investment management firm acquired 10.1% of the shares of equipment maker and JLG parent Oshkosh Corp.

The investment follows the December decision of New York-based activist investor Carl Icahn and associates to divest their shares of Oshkosh common stock - once as high as 9.51% - after failure of Icahn's tempestuous tender offer targeting control of the Oshkosh board of directors.

Recently, Capital World Investors of Los Angeles, a division of Capital Research and Management Co, purchased 8,798,000 shares on behalf of a client, The Growth Fund of America Inc, according to a 9 August US Securities and Exchange Commission (SEC) filing.

During February, multinational investment management corporation BlackRock Inc of New York acquired 6,630,093 shares and FMR LLC subsidiary Fidelity Management & Research Co of Boston purchased 5,621,963 shares or 6.134% of the Oshkosh common stock, according to SEC filings.

JLG Industries Inc designs, manufactures and markets aerial work platforms and telehandlers under the JLG, SkyTrak and Lull brands and is the major component of the access equipment business segment of the publicly traded Oshkosh-based corporation.
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