One less proxy fight will be decided by shareholders in the 2008 proxy season.
Reuters is reporting that Motorola and legendary corporate raider Carl Icahn have reached an agreement to give two board seats to Icahn’s nominees.
Keith Meister, Icahn’s investment director, will be seated immediately on Motorola’s board, while investment banker William Hambrecht will be officially supported by Motorola in the upcoming shareholder […]
In an apparent move to assuage dissident shareholder Carl Icahn, Motorola announced that it would spin off its troubled mobile cell phone business, effectively splitting Motorola into two publicly traded companies.
Icahn stills believes that Motorola is moving too slow and has vowed that he will continue his proxy fight for four board seats. As Seeking Alpha reports…
“What […]
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 […]
Carl Icahn may not be blogging, but his proxy fight with Motorola is starting to simmer. As Reuters reports, Motorola has reshuffled its marketing leadership, just one day after urging shareholders to reject Icahn’s rival slate of directors.
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