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S&P: Oshkosh on watch
Standard & Poor's said it placed its ratings on Oshkosh Corp., including the BB corporate credit rating, on CreditWatch with negative implications.
"The CreditWatch placement reflects uncertainty regarding the leverage profile for Oshkosh and its strategic direction following reports that the company has received a buyout offer from Carl Icahn for $32.50 per share, valuing the company at close to $4 billion including debt," said S&P credit analyst Dan Picciotto in a news release.
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