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Motorola Will Be Two Companies Starting Tomorrow, Jan. 4

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Jan 3, 2011, 2:59 PM   by Eric M. Zeman   @phonescooper
updated Jan 3, 2011, 3:17 PM

Motorola will officially split into two, separate, publicly-traded companies on Tuesday, January 4. Once the split is complete, Motorola's consumer-focused cell phone and set-top-box businesses will form Motorola Mobility Holdings Inc. Motorola Mobility started trading shares on the New York Stock Exchange in mid-December, which have climbed about 25% to $30/share ahead of the official split. Its market capitalization will be approximately $9 billion, and Motorola Mobility will emerge from the split free of debt. Motorola's public safety radio and enterprise handheld businesses will form Motorola Solutions Inc. Its stock prices are down a bit from the December launch and are trading at $37/share. Motorola Solutions will launch with a market capitalization of approximately $12.8 billion.

more info at Wall Street Journal »



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