Spark a rare surge in Research In Motion Ltd.. 'S stock price, it is triggered Fueled by rumors that the legendary activist Carl Icahn circling the BlackBerry maker, More than $ 1.2-billion of RIM's stock traded in New York and Toronto.
Investors seem to want to bet that his reputation for crunching executives and directors may spark that RIM needs to address the tumultuous years of disappointing sales and product introductions.
Based in New York Mr. Icahn has made billions for himself and investors by targeting some of the sluggish North America's largest companies for three decades and agitating for the sale of assets.
Source: : http://www.theglobeandmail.com/globe-investor/rim-stock-spikes-over-icahn-rumours/
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