Motorola Solutions buys Icahn shares for USD 1.2 bln

News Wireless Global 27 FEB 2012
Motorola Solutions buys Icahn shares for USD 1.2 bln
Motorola Solutions announced an agreement to buy much of investor Carl Icahn's stake in the company for USD 1.17 billion. The company will buy the shares for USD 49.15 per share as part of its ongoing share repurchase programme, worth in total USD 3 billion. The price is just below the company's last closing share price before the deal was announced. As part of the transaction, Vincent J. Intrieri, a director of Icahn Enterprises, will resign from the company's board.

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Mobile

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Motorola Solutions

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Global

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Enterprise equipment, Shareholders & subsidiaries, Network equipment

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