Wednesday, April 25, 2007

UPDATE 1-ISS recommends electing Icahn to Motorola board

(Reuters) - Billionaire investor Icahn, who has roughly a 3 percent stake in Motorola, is involved in a proxy battle with Motorola, having asked shareholders to flout Motorola's recommendation and vote for him at the company's May 7 annual meeting.

ISS cited Icahn's track record for creating shareholder value across diverse industries, for its recommendation.


Read more at Reuters.com Mergers News

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