In an SEC filing moments ago, Carl Icahn and affiliates disclosed a 5% stake in Motorola (MOT)
From the filing:
“The Reporting Persons may be deemed to beneficially own, in the
aggregate, 114,289,100 Shares, representing approximately 5.0% of the Issuer’s
outstanding Shares (based upon the 2,284,320,984 Shares stated to be outstanding
as of September 29, 2007 by the Issuer in the Issuer’s Form 10-Q filed with the
Securities and Exchange Commission on November 6, 2007 for the quarter ended
September 29, 2007).”
Reason for Purchases:
The Reporting Persons acquired their positions in the Shares in the belief
that they were undervalued. The Reporting Persons have had, and intend to seek
to have further, conversations with members of the Issuer’s management and the
board of directors to discuss ideas that management, the board of directors and
the Reporting Persons may have to enhance shareholder value.
On January 31, 2008 and February 1, 2008, Carl C. Icahn issued press
releases concerning Motorola, Inc., copies of which are attached hereto as
Exhibit 2 and Exhibit 3, respectively, and are incorporated herein by reference.
Since Jan. 7th, Icahn and affiliates have purchased 38.7 million shares of Motorola.
Disclosure (“none” means no position):None
