TITLE

Motorola Does the Icahn Split

AUTHOR(S)
Schachter, Ken
PUB. DATE
March 2008
SOURCE
Red Herring;3/26/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36876249

 

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