Navistar Forms Poison Pill as Icahn and Other Activists Show Interest

Navistar International Corp (NYSE:NAV) took a step towards keeping big investors at bay today when the company announced they were in possession of a poison pill which is engineered to prevent any big investor from gaining a 15% stake or more into the engine and US truck maker.  MHR Fund Management LLC said week said they had a 13.6% stake in the firm.  This is even larger than Carl Icahn’s stake of 11.9%.

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