Icahn hints at renewed Motorola challenge: Financial Times
LONDON (MarketWatch) -- Carl Icahn, the U.S. activist investor, has signaled the possible launch of a new campaign against Motorola Inc., if performance at the telecommunications equipment maker doesn't improve.
In an interview with the Financial Times published Friday, Icahn said: "There is value there, and if that value doesn't manifest itself I, as an activist, would think very seriously about coming back."
Icahn failed to gain a board seat at Motorola in May after a bitter proxy war that lasted several months, the FT said.
It said that since that defeat he has remained a large Motorola shareholder. He owns about 3% of the company, the FT said, citing people familiar with the matter.
Newspaper Web site: http://www.ft.com
In an interview with the Financial Times published Friday, Icahn said: "There is value there, and if that value doesn't manifest itself I, as an activist, would think very seriously about coming back."
Icahn failed to gain a board seat at Motorola in May after a bitter proxy war that lasted several months, the FT said.
It said that since that defeat he has remained a large Motorola shareholder. He owns about 3% of the company, the FT said, citing people familiar with the matter.
Newspaper Web site: http://www.ft.com
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