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| (Business News, 05 Jan 2011 ) |
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Motorola Solutions Inc., formerly Motorola Inc., has completed the previously announced separation of Motorola Mobility Holdings Inc. Motorola Solutions shares begin trading on the New York Stock Exchange (NYSE) under the ticker symbol “MSI.” Motorola Solutions delivers innovative business- and mission-critical communications solutions for commercial enterprises and government customers throughout the world.
Under the terms of the distribution, Motorola Inc. stockholders as of the close of business on the record date of Dec. 21, 2010, received 1 share of Motorola Mobility Holdings common stock for every 8 shares of Motorola Inc. common stock they held. Immediately following the distribution of Motorola Mobility Holdings common stock, Motorola Inc. completed a 1-for-7 reverse stock split.
“With a purpose-driven brand and a strong balance sheet, we are very well positioned for the future,” said Greg Brown, President and CEO of Motorola Solutions. “Motorola Solutions has an outstanding platform to build from and I believe our opportunities for growth will benefit customers, shareholders and employees.”
Motorola Solutions
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