Tuesday, May 8, 2007

US CREDIT-Icahn board absence mild for Motorola debt

(Reuters) - Icahn on Monday failed to win a board seat, the company said, after a bitter proxy battle between the billionaire investor and the mobile phone maker. For details, see [ID:nN07403435]

"He probably was not the right person to turn around Motorola, so for bondholders it's a good thing," said Gimme Credit analyst Dave Novosel.


Read more at Reuters.com Bonds News

No comments: