Thursday, August 18, 2005

The Economist - Icahn's latest prey

The Economist - Icahn's latest prey:
"TIME WARNER should sweat a bit more, thinks Carl Icahn, a veteran corporate raider and activist shareholder. He sniffs at the media firm's plan to float a 16% stake in its cable business next year, and to buy back $5 billion-worth of its own shares. Instead it should spin off the cable business and spend $20 billion buying back its own shares if it wants to put some serious zip into its share price, he said this week."