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US: Icahn not to seek Navistar board seats in 2012

Contrary to expectations, Navistar has announced that investor Carl Icahn and certain of his affiliates, who collectively hold just over a 10% stake in the truck OEM, will not seek Navistar board representation at the company’s 2012 annual meeting and will vote in favour of the company’s nominees for election. In ...

Contrary to expectations, Navistar has announced that investor Carl Icahn and certain of his affiliates, who collectively hold just over a 10% stake in the truck OEM, will not seek Navistar board representation at the company’s 2012 annual meeting and will vote in favour of the company’s nominees for election. In …

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