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Icahn cleaves Motorola in two

Started by Joelle, March 26, 2008, 02:01:25 PM

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Joelle

Icahn cleaves Motorola in two
      


Motorola said it would split into two separate publicly traded entities, following intense pressure by activist investor Carl Icahn (pictured). The split into a mobile devices business and a broadband and mobility services business is to take place in 2009 and will take the form of a tax-free distribution. The stock rose more than 10 [...]
         

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