Jlg (NYSE:JLG)
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Oshkosh Truck Corporation (NYSE: OSK) and JLG Industries, Inc. (NYSE:
JLG) jointly announced today the expiration of the waiting period under
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in
connection with the proposed merger of a wholly-owned subsidiary of
Oshkosh with JLG.
The expiration of the Hart-Scott-Rodino waiting period satisfies one of
the conditions to Oshkosh's acquisition of JLG. Consummation of the
merger, which is expected to occur in early December, remains subject to
other customary closing conditions, including approval of the merger by
JLG's shareholders.
About Oshkosh Truck Corporation
Oshkosh Truck Corporation is a leading designer, manufacturer and
marketer of a broad range of specialty commercial, fire and emergency
and military vehicles and bodies. Oshkosh’s
products are valued worldwide by fire and emergency units, defense
forces, municipal and airport support services, and concrete placement
and refuse businesses where high quality, superior performance, rugged
reliability and long-term value are paramount.
About JLG Industries, Inc.
JLG Industries, Inc. is the world’s leading
producer of access equipment (aerial work platforms and telehandlers).
JLG’s diverse product portfolio encompasses
leading brands such as JLG® aerial work
platforms; JLG, SkyTrak®, Lull®
and Gradall® telehandlers; and an array of
complementary accessories that increase the versatility and efficiency
of these products for end users. JLG markets its products and services
through a multichannel approach that includes a highly trained sales
force and utilizes a broad range of marketing techniques, integrated
supply programs and a network of distributors in the industrial,
commercial, institutional and construction markets. In addition, JLG
offers world-class after-sales service and support for its customers. JLG’s
manufacturing facilities are located in the United States, Belgium, and
France, with sales and service operations on six continents.
Additional Information and Where to Find It
A special meeting of JLG shareholders will be held on Monday, December
4, 2006 to obtain shareholder approval for the merger. In connection
with the proposed acquisition and required stockholder approval, JLG
filed with the Securities and Exchange Commission a definitive proxy
statement on November 3, 2006. This proxy statement was mailed to JLG’s
shareholders. JLG SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT AND
OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED ACQUISITION. Investors and
shareholders may obtain free copies of these materials and other
documents filed with the SEC at the SEC’s
website at: http://www.sec.gov. Free
copies of the proxy statement and JLG's other filings with the SEC may
also be obtained from JLG. Free copies of JLG's filings may be obtained
by directing a request to JLG Industries, Inc., 13224 Fountainhead
Plaza, Hagerstown, Maryland 21742-2678, Attention: Investor Relations.
Participants in Solicitation
Oshkosh, JLG and their respective directors, executive officers and
other members of their management and employees may be deemed to be
soliciting proxies from JLG's shareholders in favor of the proposed
acquisition. Information regarding Oshkosh’s
directors and executive officers is available in Oshkosh’s
proxy statement for its 2006 annual meeting of shareholders, which was
filed with the SEC on December 20, 2005. Information regarding JLG's
directors and executive officers is available in JLG's proxy statement
for its 2006 annual meeting of shareholders, which was filed with the
SEC on October 2, 2006. Additional information regarding the interests
of such potential participants is included in the proxy statement and
the other relevant documents filed with the SEC.
Forward Looking Language
Certain items in this press release may constitute forward-looking
statements made by Oshkosh or JLG (collectively, the "Companies") within
the meaning of the Private Securities Litigation Reform Act of 1995
including, but not necessarily limited to, statements relating to our
ability to close the acquisition, satisfaction of closing conditions,
obtaining consents, and the timing of the closing of the acquisition.
Words such as "expect(s)" and similar expressions are intended to
identify such forward-looking statements. These statements are based on
management's current expectations and beliefs and are subject to a
number of factors that could lead to actual results materially different
from those described in the forward-looking statements. The Companies
can give no assurance that their expectations will be attained. Factors
that could cause actual results to differ materially from the Companies'
expectations include, but are not limited to, whether conditions to the
closing of the proposed acquisition will not be satisfied and other
risks detailed from time to time in the Companies' respective SEC
reports. Such forward-looking statements speak only as of the date of
this press release. The Companies expressly disclaim any obligation to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in their expectations
with regard thereto or change in events, conditions or circumstances on
which any statement is based.
Oshkosh Truck Corporation (NYSE: OSK) and JLG Industries, Inc.
(NYSE: JLG) jointly announced today the expiration of the waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
as amended, in connection with the proposed merger of a wholly-owned
subsidiary of Oshkosh with JLG.
The expiration of the Hart-Scott-Rodino waiting period satisfies
one of the conditions to Oshkosh's acquisition of JLG. Consummation of
the merger, which is expected to occur in early December, remains
subject to other customary closing conditions, including approval of
the merger by JLG's shareholders.
About Oshkosh Truck Corporation
Oshkosh Truck Corporation is a leading designer, manufacturer and
marketer of a broad range of specialty commercial, fire and emergency
and military vehicles and bodies. Oshkosh's products are valued
worldwide by fire and emergency units, defense forces, municipal and
airport support services, and concrete placement and refuse businesses
where high quality, superior performance, rugged reliability and
long-term value are paramount.
About JLG Industries, Inc.
JLG Industries, Inc. is the world's leading producer of access
equipment (aerial work platforms and telehandlers). JLG's diverse
product portfolio encompasses leading brands such as JLG(R) aerial
work platforms; JLG, SkyTrak(R), Lull(R) and Gradall(R) telehandlers;
and an array of complementary accessories that increase the
versatility and efficiency of these products for end users. JLG
markets its products and services through a multichannel approach that
includes a highly trained sales force and utilizes a broad range of
marketing techniques, integrated supply programs and a network of
distributors in the industrial, commercial, institutional and
construction markets. In addition, JLG offers world-class after-sales
service and support for its customers. JLG's manufacturing facilities
are located in the United States, Belgium, and France, with sales and
service operations on six continents.
Additional Information and Where to Find It
A special meeting of JLG shareholders will be held on Monday,
December 4, 2006 to obtain shareholder approval for the merger. In
connection with the proposed acquisition and required stockholder
approval, JLG filed with the Securities and Exchange Commission a
definitive proxy statement on November 3, 2006. This proxy statement
was mailed to JLG's shareholders. JLG SHAREHOLDERS ARE URGED TO READ
THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC
BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
ACQUISITION. Investors and shareholders may obtain free copies of
these materials and other documents filed with the SEC at the SEC's
website at: http://www.sec.gov. Free copies of the proxy statement and
JLG's other filings with the SEC may also be obtained from JLG. Free
copies of JLG's filings may be obtained by directing a request to JLG
Industries, Inc., 13224 Fountainhead Plaza, Hagerstown, Maryland
21742-2678, Attention: Investor Relations.
Participants in Solicitation
Oshkosh, JLG and their respective directors, executive officers
and other members of their management and employees may be deemed to
be soliciting proxies from JLG's shareholders in favor of the proposed
acquisition. Information regarding Oshkosh's directors and executive
officers is available in Oshkosh's proxy statement for its 2006 annual
meeting of shareholders, which was filed with the SEC on December 20,
2005. Information regarding JLG's directors and executive officers is
available in JLG's proxy statement for its 2006 annual meeting of
shareholders, which was filed with the SEC on October 2, 2006.
Additional information regarding the interests of such potential
participants is included in the proxy statement and the other relevant
documents filed with the SEC.
Forward Looking Language
Certain items in this press release may constitute forward-looking
statements made by Oshkosh or JLG (collectively, the "Companies")
within the meaning of the Private Securities Litigation Reform Act of
1995 including, but not necessarily limited to, statements relating to
our ability to close the acquisition, satisfaction of closing
conditions, obtaining consents, and the timing of the closing of the
acquisition. Words such as "expect(s)" and similar expressions are
intended to identify such forward-looking statements. These statements
are based on management's current expectations and beliefs and are
subject to a number of factors that could lead to actual results
materially different from those described in the forward-looking
statements. The Companies can give no assurance that their
expectations will be attained. Factors that could cause actual results
to differ materially from the Companies' expectations include, but are
not limited to, whether conditions to the closing of the proposed
acquisition will not be satisfied and other risks detailed from time
to time in the Companies' respective SEC reports. Such forward-looking
statements speak only as of the date of this press release. The
Companies expressly disclaim any obligation to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in their expectations with regard thereto
or change in events, conditions or circumstances on which any
statement is based.