Billionaire investor Carl Icahn has been agitating for change at International Truck maker Navistar and he told CNBC that he sees synergy in a merger with rival Oshkosh.
"I definitely think it would be a good merger. I think there would be a lot of synergy," Icahn said. "I own stock in both [about 10% of each] and I think shareholders of both companies would benefit."
Oshkosh brands include JLG Industries, McNeilus, IMT, Pierce fire apparatus and others.