Shares of Research In Motion showed signs of life, jumping at least 6 percent Tuesday, on talk that investor Carl Icahn has acquired a stake in the company. Neither RIM nor Icahn has commented publicly to confirm or deny the rumors. Icahn is a so-called activist investor who takes stakes in struggling companies in order to push for strategies that would deliver more value to shareholders. If ever there were a company that fit the description of “struggling,” it would be RIM.
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RIM: The Icahn Man Cometh?
Posted by: Erika Morphy September 28, 2011 05:00 AMShares of Research In Motion showed signs of life, jumping at least 6 percent Tuesday, on talk that investor Carl Icahn has acquired a stake in the company. Neither RIM nor Icahn has commented publicly to confirm or deny the rumors. Icahn is a so-called activist investor who takes stakes in struggling companies in order to push for strategies that would deliver more value to shareholders. If ever there were a company that fit the description of “struggling,” it would be RIM.