Friday, October 14, 2011

Icahn buys 9.8 pct stake in Navistar

"NEW YORK — Billionaire investor Carl Icahn has bought a 9.8 percent stake in military truck and recreational vehicle manufacturer Navistar International Corp. Documents filed with the Securities and Exchange Commission show Icahn and affiliated funds bought 7.1 million shares for $118.1 million between Aug. 23 and Thursday. Navistar shares jumped 8.6 percent in aftermarket trading."

Wall Street Journal