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Strategies & Market Trends : Value Investing
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To: EddyRiquelme who wrote (48329)6/20/2012 12:59:57 PM
From: Bocor  Read Replies (2) of 78461
 
Navistar International Corp. on Wednesday put a takeover defense in place, adopting a plan that would drive up the cost of any hostile bid for control of the troubled heavy-duty truck maker.

The move, a type of poison-pill strategy, comes in the aftermath of investor Mark Rachesky's disclosure last week that his investment fund had acquired nearly 14% of Navistar's stock and activist investor Carl Icahn's raising his fund's stake in Navistar this month to about 12%. Other large investors also have been adding to their positions in the company.

online.wsj.com
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