“Shares of Research In Motion jumped more than 6 percent on Tuesday on market speculation that activist investor Carl Icahn had taken a stake in the struggling BlackBerry maker,” Alastair Sharp reports for Reuters.
“Traders ‘are saying Icahn has taken a stake, but nothing is confirmed,’ BGC Partners tech analyst Colin Gillis told Reuters, as the shares rose $1.42, or 6.5 percent, to $23.04 on the Nasdaq,” Sharp reports. “Icahn’s office and RIM were not immediately available for comment.”
Sharp reports, “If Icahn takes a stake in RIM, he would likely seek a seat on the board and agitate in favor of strategies that unlock value for shareholders such as a break-up of the company or outright sale.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Kewo62” for the heads up.]