OSHKOSH, WI– In response to rumors and speculation following the public filing of Stewart & Stevenson’s preliminary proxy statement relating to its announced proposed sale, Oshkosh Truck Corp. confirmed that it is the company identified in the proxy statement as the “Company A” participant in Stewart & Stevenson’s auction process. Oshkosh Truck Corp. wanted to dispel misimpressions resulting from the proxy statement suggesting that Oshkosh Truck Corp. is either burdened by significant regulatory issues or is significantly constrained in its ability to pursue strategic acquisitions.
Robert Bohn, chairman, president and chief executive officer of Oshkosh Truck, said, “While we are aware that Stewart & Stevenson indicated that they believed there were potential anti-trust risks in connection with a combination with our company, we never believed that any such risks would preclude or significantly delay such a transaction. We are also not aware of any other significant regulatory issues affecting our company.”
Bohn further commented, “In addition, our company remains committed to evaluating and completing acquisitions in the continuation of our announced core growth strategy.”
To learn more about Oshkosh Truck Corp., visit: www.oshkoshtruckcorporation.com .
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