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Technology Stocks : What about old Time Warner
TWX 98.770.0%Jun 15 5:00 PM EST

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To: KewlHand who wrote (45)8/15/2005 7:21:19 AM
From: sixty2nds  Read Replies (1) of 102
 
07:17 TWX Icahn puts pressure on Time Warner - Financial Times (18.24 )

The Financial Times reports that Carl Icahn has asked Dick Parsons, Chmn and CEO of Time Warner, to increase share buybacks to $20 bn and to spin off a larger chunk of the group's cable business. People briefed on the plans said Mr Icahn told Mr Parsons in a telephone call last Fri that he and 3 other hedge fund investors Franklin Mutual, Jana Partners and SAC Capital had accumulated a $2.2 bn stake in Time Warner. Details of the call and the investor group are expected to be made public today following filings with the SEC on Fri.
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