Carl Icahn has bumped up his share of Motorola to around 10.4 percent, according to a filing with the Securities and Exchange Commission.
The SEC filing shows that the billionaire investor spent a total of $86.2 million to scoop up 11.5 million additional shares of Motorola on Wednesday and Thursday. This latest purchase comes on top of other recent moves by Icahn to grab more stock in the company. In May, Icahn upped his ownership of Motorola to 8.8 percent, and then in early August, raised it still further to 9.99 percent.
The increased buying … Read more