Icahn Unveils Plan to Shake Up Time Warner
An AP newswire article, via SFGate.com, reports that:
Carl Icahn, stepping up his battle against Time Warner Inc., on Tuesday unveiled details of his plan to shake up the media conglomerate, saying it should be split into four separate public companies.
In a report prepared by his investment-banking adviser Lazard Ltd., Icahn also said Time Warner should extend its share buyback plan to a total of $20 billion worth of stock through a series of "Dutch auction" tender offers.
posted by Fergie @ 2/07/2006 02:48:00 PM
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