Motorola (MOT) to Complete Separation of Motorola Mobility Holdings on Jan. 4; Motorola Inc. to Trade on NYSE as 'MSI'
Tweet Send to a Friend
Motorola (NYSE: MOT) has announced that it will complete the separation of Motorola Mobility Holdings, Inc. from Motorola on January 4, 2011 through a tax-free dividend related to the distribution of all Motorola Mobility common stock held by Motorola to Motorola shareholders.
Additionally, the company's Board has approved a 1-for-7 reverse stock split of shares of Motorola common stock following the distribution.
On the above date, Motorola, Inc. will change its name to Motorola Solutions, Inc. and will begin trading on the New York Stock Exchange under the ticker symbol MSI, and Motorola Mobility Holdings, Inc. will begin trading on the NYSE under the ticker symbol MMI.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Additionally, the company's Board has approved a 1-for-7 reverse stock split of shares of Motorola common stock following the distribution.
On the above date, Motorola, Inc. will change its name to Motorola Solutions, Inc. and will begin trading on the New York Stock Exchange under the ticker symbol MSI, and Motorola Mobility Holdings, Inc. will begin trading on the NYSE under the ticker symbol MMI.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
- Caesars (CZR) Plans Online Poker Offering in Nevada - Reuters
- Brocade (BRCD), A10 Settle Litigation; Brocade to Get $5M Cash, $70M Conv. Note
Create E-mail Alert Related Categories
Corporate News, Stock SplitsRelated Entities
Dividend
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
