Flash Flood Warning issued July 22 at 6:39PM MDT expiring July 22 at 8:45PM MDT in effect for: El Paso
Areal Flood Advisory issued July 22 at 6:05PM MDT expiring July 22 at 8:00PM MDT in effect for: El Paso
Areal Flood Advisory issued July 22 at 5:15PM MDT expiring July 22 at 7:30PM MDT in effect for: Las Animas
Flash Flood Watch issued July 22 at 11:37AM MDT expiring July 22 at 9:00PM MDT in effect for: Archuleta, Dolores, Hinsdale, La Plata, Montezuma, San Juan, San Miguel
Flash Flood Watch issued July 22 at 11:16AM MDT expiring July 22 at 9:00PM MDT in effect for: Alamosa, Chaffee, Conejos, Costilla, Custer, Fremont, Huerfano, Las Animas, Mineral, Pueblo, Rio Grande, Saguache
OSHKOSH, Wis. -
Oshkosh is rejecting a buyout offer from billionaire investor Carl Icahn.
The Wisconsin truck maker said Friday that Icahn's offer of $32.50 per share undervalued the company and was not in the best interest of shareholders.
Shares in Oshkosh Corp. are up 25 cents to $29.99 in early trading.
The board unanimously recommended stockholders reject Icahn's offer and not tender any of their shares.
Earlier this month Icahn said he planned an unsolicited bid that valued Oshkosh at almost $3 billion, and said he would nominate a competing slate of directors in a bid for control of the company. Icahn is Oshkosh's largest stakeholder and also nominated his own directors to the board in 2011.