Tuesday, February 27, 2007

Carl Icahn Files Notice to Increase Stake in Motorola

Carl Icahn and his affiliated business entities filed papers under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 to acquire additional shares of Motorola Common Stock.

Motorola said it received a notice stating that Carl Icahn and Icahn Partners LP are each filing to acquire in excess of $119.7 million and up to $500 million of Motorola Common Stock, while Icahn Partners Master Fund LP and Icahn Partners Master Fund II L.P. are each filing to acquire in excess of $500 million, but less than 25% of the outstanding, Motorola Common Stock.


  • In January 2007, Motorola received a nomination to appoint Carl C. Icahn to its Board of Directors. The nomination came Carl Icahn entities that "may be deemed to beneficially own, in the aggregate, 33,529,000 shares, representing approximately 1.39% of the Corporation's outstanding shares."

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