Motorola does deal with investor Icahn

Motorola has reached an agreement with campaigning investor Carl Icahn that sees two of his suggested nominees appointed to Motorola's board of directors. In return, Mr Icahn will vote in favour of the company's other nominees. In addition, all current legal action between Motorola and Carl Icahn will be dismissed. Mr Icahn, who is said to be the 46th richest man in the world, owns around 6.4% of Motorola's shares. [Motorola press release]