Icahn keeps boosting Motorola stake (Tech Confidential

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Icahn keeps boosting Motorola stake

[Posted on May 7, 2008 - 12:19 PM]

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Billionaire investor Carl Icahn has increased his stake in struggling Motorola Inc. to 7.6%.

Icahn and his affiliates purchased 172.2 million Motorola shares for an aggregate price of $2.36 billion, including commissions, according to a Wednesday, May 7, filing with the U.S. Securities and Exchange Commission.

In a prior filing dated March 26, Icahn and affiliates had reported a 6.4% stake in the communications equipment and mobile-phone maker.

For the full story, visit TheDeal.com

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