Icahn Revs Moto Move.(Carl C. Icahn increases stake in Motorola Inc.)
Multichannel News, April, 2007 by Farrell, Mike
By Mike Farrell Boosts His Stake, Will Seek a Seat On Firm's Board Carl Icahn stepped up his crusade against Motorola management last week, revealing in a proxy statement filed with the Securities and Exchange Commission March 27 that he has increased his holdings in the electronics giant as he seeks to gain a seat on its board of directors.
Icahn, who launched his proxy bid against Motorola in January, revealed in the filing that the noted corporate raider and entities controlled by him own about 2.7% of Motorola's outstanding stock, or about 65 million shares. In early proxy statements, Icahn and his partners owned about 2.4% (59 million) of Motorola's outstanding shares. According to the document filed on March 27, the proxy will allow...
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