Motorola (MOT) March implied volatility at 27 into Icahn notification
Motorola (NYSE: MOT) : MOT say's "Carl Icahn and Icahn Partners LP are each filing to acquire in excess of $119.7 million and up to $500 million of MOT Common Stock, while Icahn Partners Master Fund LP and Icahn Partners Master Fund 2 L.P. are each filing to acquire in excess of $500 million, but less than 25% of the outstanding, MOT Common Stock." Carl Icahn entities own 1.39% of MOT. OPCO says "we are continuing our Neutral rating, although we are mindful of the stock's attractive valuation and the near-term impact Mr. Icahn actions could have on the share price." MOT March option implied volatility of 27 is near its 6-month average of 29 according to Track Data. Paul Foster
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