Icahn rejects board seats, sues Motorola
Uber-activist Carl Icahn must not blogging (http://icahnreport.com/) because he is simply too busy wheeling and dealing and suing companies.
Icahn rejected Motorola’s offer of two board seats, demanding that he have four.
And Icahn remains serious about his proxy fight, sending more than signals to Motorola management. He is now suing Motorola for “deep access” into the company’s strategic document dossier in an effort to learn more about why Motorola is losing money, and if Icahn can blame the board for any of it.
To read the complete Reuters piece, click here.
