Reuters: Mergers News: Icahn raises Navistar stake to about 12 pct

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Icahn raises Navistar stake to about 12 pct Jun 8th 2012, 11:29 June 8 | Fri Jun 8, 2012 7:29am EDT June 8 (Reuters) - Carl Icahn increased his stake in truck and engine maker Navistar International Corp to 11.87 percent, from the 9.99 percent the activist investor had reported in November. In a regulatory filing, Icahn said he owns 8.1 million shares of Navistar. The additional shares were purchased on June 7, when Navistar shares fell as much as 28 percent after a quarterly loss. Icahn had pushed for a merger between Navistar and rival Oshkosh. Oshkosh management and shareholders rejected the idea.

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