Motorola settles proxy battle with billionaire
Filed under Carl Icahn
April 7, 2008 8:01 pm
Motorola Inc. settled its proxy battle with Carl Icahn on Monday, agreeing to back two of the billionaire investor’s nominees for its board of directors in exchange for him dropping litigation against the cell phone maker.
The agreement avoids a showdown at the company’s upcoming annual meeting for what would have been the second straight year.
read the rest published by Sun Times here:
http://www.suntimes.com/business/881362,motorola040708.article
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