Motorola Solutions Completes Separation, Begins Trading as MSI on NYSE
04 Januar 2011 - 3:14PM
Business Wire
Motorola Solutions, Inc. (NYSE: MSI), formerly Motorola, Inc.,
today completed the previously announced separation of Motorola
Mobility Holdings, Inc. Motorola Solutions shares begin trading
today 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, which was completed today,
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.
Motorola Solutions is a worldwide leader in nearly all of the
markets we serve. We have a highly diversified customer
base, employees in over 65 countries and an unmatched breadth
of innovative technology offerings. Motorola Solutions meets a wide
range of customer needs through its public safety solutions, mobile
computing technology, advanced data capture, integrated command and
control communications, WLAN solutions and advanced services.
“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.”
Brown and members of the Motorola Solutions management team will
ring The Closing Bell™ at the NYSE today in honor of the initiation
of Motorola Solutions’ first day of trading under the ticker symbol
"MSI."
About Motorola Solutions
Motorola Solutions is a leading provider of business- and
mission-critical communication products and services for enterprise
and government customers. Through leading-edge innovation and
communications technology, it is a global leader that enables its
customers to be their best in the moments that matter. Motorola
Solutions trades on the New York Stock Exchange under the ticker
“MSI.” To learn more, visit www.motorolasolutions.com. For ongoing
news, please visit our media center or subscribe to our news
feed.
Precautionary Statements Regarding Forward-Looking
Information
This press release contains “forward-looking statements” within
the meaning of applicable federal securities laws. These statements
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and generally include
words such as “believes”, “expects”, “intends”, “anticipates”,
“estimates” and similar expressions. We can give no assurance that
any future results or events discussed in these statements will be
achieved. Any forward looking statements represent our views only
as of today and should not be relied upon as representing our views
as of any subsequent date. Readers are cautioned that such
forward-looking statements are subject to a variety of risks and
uncertainties that could cause our actual results to differ
materially from the statements contained in this release. Such
forward-looking statements include, but are not limited to
statements about the effect of the separation on the company, its
stockholders, customers and employees; the capitalization of
Motorola Solutions; the future operational, strategic and financial
success of Motorola Solutions and other possible results of
separation. Many of these risks and uncertainties are based on
factors that cannot be controlled by Motorola Solutions and
include, but are not limited to (1) market conditions in general;
(2) the effect our separation and the reverse stock split may have
on Motorola Solutions’ stock price; (3) the risk that the
anticipated benefits from the separation and reverse stock split
may not be fully realized or may take longer to realize than
expected; (4) Motorola Solutions’ ability to invest in research and
development and to introduce new products and technologies in a
timely manner; (5) tax and regulatory matters; (6) changes in
economic, competitive, strategic, technological, regulatory or
other factors that affect the operation of Motorola Solutions’
businesses. A detailed description of other risks and uncertainties
affecting Motorola Solutions, is contained in Item 1A of Motorola
Solutions’ 2009 Annual Report on Form 10-K, in Item 1A of Motorola
Mobility’s Form 10, in Item 1A of Motorola Solutions’ Quarterly
Reports on Form 10-Q, and in its other filings with the Securities
and Exchange Commission (SEC). These filings are available for free
on the SEC’s website at www.sec.gov and on Motorola Solutions’
website at www.motorolasolutions.com. Motorola Solutions undertakes
no obligation to publicly update any forward-looking statement or
risk factor, whether as a result of new information, future events
or otherwise.
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