Oshkosh in Rejection of Hostile Tender Offer

October 25, 2012

Cleary Gottlieb is representing Goldman Sachs as financial advisor to Oshkosh in connection with Oshkosh’s response to the unsolicited tender offer launched by funds controlled by Carl Icahn on October 17, 2012 to acquire “any and all” shares of Oshkosh for $32.50 per share in cash. On October 25, the board of Oshkosh Corporation recommended that shareholders reject the offer by the Icahn entities. In connection with the tender offer, Icahn has called for Oshkosh to divest its JLG Industries, Inc. unit, a global manufacturer of aerial work platforms and telehandlers.

Oshkosh is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies.