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Icahn Set To Buy More Motorola Shares

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Billionaire investor Carl Icahn, already a leading shareholder in Motorola, and several of his funds have filed to buy more than $2 billion, or 4.4 percent, of the company’s common stock. Motorola said yesterday it had received the required regulatory notice that Carl Icahn and Icahn Partners LP are each filing to acquire $120 million to $500 million of Motorola stock while two related entities—Icahn Partners Master Fund LP and Icahn Partners Master Fund II LP—filed to acquire in excess of $500 million but less than 25 percent of outstanding shares. The purchase would make Icahn the handset manufacturer’s second biggest institutional holder. (Via Reuters.)

Mar 1, 2007 1:18 PM ET

Posted In: Money, M&A & Venture Capital, Companies, Motorola

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