The Day Shorters Room

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Media attention on Time Warner.
Time Warner on Icahn/Lazard Proposal: 'We Are on the Right Path. The Company is Delivering.' [FVBWLJX]


We are on the right path is what Time Warner says ?????

Did anyone see the 10 year stock chart on this puppy. Well it is under review anyways I guess, which could mean they are hoping to let the media attention die down, and then get back to a flat stock curve. Maybe Parsons needs more time, ah I dont think so.


NEW YORK--(Business Wire)--Feb. 7, 2006--
Time Warner Inc. (NYSE: TWX) issued the following
statement in response to a proposal issued today by Carl Icahn and Lazard Ltd.:
"Our board and management regularly review all of the strategic options for managing this company to create the greatest value for our shareholders. We are on the right path. The company is delivering. Nevertheless, we will study the Icahn/Lazard proposal carefully and thoroughly, as is consistent with our existing practice and with our
fiduciary duty to shareholders. We will have more to say on the
specifics of the proposal in due course." Time Warner also issued today the below letter to its shareholders
reviewing the company's progress in building value and stating its intention to communicate with shareholders regarding the Icahn/Lazard proposal.
Further information on Time Warner's ongoing initiatives to build value for its shareholders is available on a special section of the company's Web site at http://www.timewarner.com/buildingvalue.