Motorola Does the Icahn Split

Schachter, Ken
March 2008
Red Herring;3/26/2008, p5
Trade Publication
The article analyzes the plan of Motorola to spin off its money-losing mobile phone unit into a separate company. Such plan is a central demand of activist investor Carl Icahn in his proxy battle with the company's management. After revealing the plan, shares of Motorola increased by 1.1 percent. An analyst claimed that Motorola's spin-off could weaken a plan by Icahn to install a handpicked four-man slate on the company's board of directors. Other implications of Motorola's plan are cited.


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