Icahn’s Pursuit of Motorola Split Has Yet to Pay Off
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Four years after he began agitating for change at Motorola Inc., Carl Icahn will get his wish Jan. 4 with the spinoff of its mobile-phone unit. He still hasn’t made money on the investment, according to Bloomberg calculations.
Icahn’s stake in Motorola is worth at least $159 million less than what he paid and perhaps several hundred million more, according to calculations based on regulatory filings. The current value of his holdings is $2.17 billion.