The arrangement seems to be that UBS will buy Time Warner shares it seems for the voting rights but doesn't want the price risk. So, in an agreement with IMI, UBS will transfer the pricing risk to IMI.

Icahn wants sufficient control to achieve his strategy of breaking up Time Warner.

Voting rights are constitutional rights.

He steals second, and I hereby restore his voting rights.

The Ephebians believed that every man should have the vote (provided that he wasn't poor, foreign, nor disqualified by reason of being mad, frivolous, or a woman). Every five years someone was elected to be Tyrant, provided he could prove that he was honest, intelligent, sensible, and trustworthy. Immediately after he was elected, of course, it was obvious to everyone that he was a criminal madman and totally out of touch with the view of the ordinary philosopher in the street looking for a towel. And then five years later they elected another one just like him, and really it was amazing how intelligent people kept on making the same mistakes.

Although our voting rights have now been restored we need technical assistance and financial assistance.