Activist investor Carl Icahn has once again raised his stake in Motorola, which now stands at 7.6 percent of the company, up from 6.4 percent. Icahn now owns 172.2 million shares of the struggling company. Earlier last month Motorola bowed to pressure from Icahn and appointed one of his candidates, Keith Meister to the board of directors. The company also agreed to let his other candidate, William Hambrecht stand for election. After the appointees were received, Icahn dropped a suit that sought access to integral board documents.
For more on Icahn's stake in Motorola:
- read this article from the WSJ (sub. req.)