|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
: Billionaire investor Carl Icahn gave up his bid to buy truck maker Oshkosh after less than 25 percent of the company's shares were tendered before his offer expired.
SHAKE-UP SOUGHT: Icahn, who is known for buying stakes in struggling companies and then shaking them up with mixed results, had maintained that Oshkosh needs new management and a new strategy.
'OPPORTUNISTIC': But Oshkosh recommended that shareholders reject Icahn's offer, calling it "highly conditional, inadequate and opportunistic." Oshkosh's stock fell nearly 4 percent Tuesday.