BREAKINGVIEWS-Icahn's American truck merger pitch has wheels

Newswire

By Rob Cox and Antony Currie NEW YORK, Oct 24 (Reuters Breakingviews) - The billionaire investor often has loopy ideas for M&A among his holdings (remember Lions Gate-MGM?) But a $5 bln-plus combination of Navistar and Oshkosh makes some strategic sense. The net present value of cost synergies could be worth more than their combined market cap. Full view will be published shortly. CONTEXT NEWS -- Carl Icahn may be interested in a merger between truck makers Navistar and Oshkosh, ...

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