They've taken stakes in Waste Management, Tektronix, ICN Pharmaceuticals and Apria Healthcare Group, among others.
Many believe that one advantage of separating Ribapharm from ICN will be removing it from Panic's influence.
"There was a concern that under the existing ICN management they might try to curtail it, " says Sanderson.
He founded ICN (nyse: ICN - news - people) four years after emigrating from Yugoslavia.
Founder and Chief Executive Milan Panic would remain chairman and CEO of ICN International and become nonexecutive chairman of ICN Americas.
The proxy fight was yesterday, and the shareholders say they won by a wide margin, giving them a majority on ICN's board.
Sanderson, an analyst at SG Cowen who covers Ribapharm but not ICN.
Well, PocketNow got their hand on the top-end iCN 750 in-car navigation system to see just how useful downloading location-mapped pictures can be.
If the shareholders really now have control of ICN (nyse: ICN - news - people ), it could be a landmark win.
That said, ICN wants to be a slightly larger news organization.
FORBES: The Tiny News Startup That Crashed the Pulitzer Prizes
But while ICN International may be getting back factories seized by Yugoslavia's government in 1998 during Slobodan Milosevic's rule, Ribapharm's research costs are expected to balloon.
Panic's connections in Eastern Europe have been vital to ICN's international pharmaceutical business, but he has been under investigation by the Securities and Exchange Commission for years.
Even without Panic, Ribapharm may have problems once it breaks off from ICN and tries to go it alone in the rough waters of the biotech market.
Schering-Plough licensed its Ribivarin from Ribapharm (nyse: RNA - news - people ), formerly a unit of ICN Pharmaceuticals (nyse: ICN - news - people ).
That is based in part on the fact that she still apparently has shares in ICN Immobilien Consult, a property management company in Nurenberg, which according to reports is not affected by the current financial problems at the catalog company.
应用推荐