Investor Icahn sells 2.9 million shares of Motorola | india | Hindustan Times
Today in New Delhi, India
Aug 23, 2017-Wednesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Investor Icahn sells 2.9 million shares of Motorola

Activist investor Carl Icahn reported in a regulatory filing that he sold 2.9 million shares of Motorola Mobility Holdings Inc for $114 million.

india Updated: Nov 23, 2011 17:55 IST

Activist investor Carl Icahn reported in a regulatory filing that he sold 2.9 million shares of Motorola Mobility Holdings Inc for $114 million.



Last week, Motorola said that its stockholders approved the $12.5 billion deal to be acquired by the search giant Google Inc.



The 2.9 million shares were sold at a slightly lower price than Google's offer of $40 a share for Motorola mobility.



In August, Google said it will buy the handset device manufacturer in its biggest deal ever, paying a steep premium of 63 percent.



Libertyville, Illinois-based Motorola's shares closed at $38.57 on Tuesday on the New York Exchange.