Icahn Says He Spent $1.78 Billion For 5 Percent Stake In Motorola

By Dianne See Morrison Feb. 7, 2008, 3:55am Comments Off

Activist investor Carl Icahn said he has spent $1.78 billion for a 5 percent stake in Motorola (NYSE: MOT) at a time when he is trying to get his four nominees elected to the board of the company. Reuters (NSDQ: RTRSY) reports that a regulatory filing revealed that Icahn’s affiliated funds hold 114.3 million shares in the handset manufacturer. On February 1, the billionaire nominated four executives for election to Motorola