, activist investor of Icahn Enterprises, added 11.12%, or 1,787,388 shares of Navistar International Corp. (NAV
) at between $22 and $23 per share on July 11. After the transactions, he owns 9,038,814 shares, or 13.19% of the company.
Navistar International is a holding company of military vehicle, diesel engine, RV, bus, and other vehicle-related businesses. Icahn initiated a position in the company in the third quarter of 2011 buying 1,765,647 shares at an average price of $44. In the fourth quarter of 2011, he added 5,485,779 shares at an average price of $38.50. In the current second quarter he has been adding shares more aggressively, with four new buys in a little over a month. Continue Reading »