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Motorola to Split on January 4

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Nov 30, 2010, 5:11 PM   by Eric M. Zeman   @zeman_e

Motorola today said that it will complete its planned split into two separate companies on January 4, 2011. Motorola Inc. will divide into two, publicly traded entities. Motorola Solutions and Motorola Mobility will both list on the New York Stock Exchange on January 4. Current Motorola stockholders will receive 1 share of Motorola Mobility common stock for every 8 shares of Motorola common stock they hold. Motorola said that it will effect a 1-for-7 reverse stock split before the markets open on January 4. Greg Brown will become CEO of Motorola Solutions, and Sanjay Jha will become CEO of Motorola Mobility. Both currently share the CEO role at Motorola Inc.

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Versed

Nov 30, 2010, 5:44 PM

Just Like Palm

Here is another corporation going down the divest path to self destruction. Just like Palm.
Moto makes a lot more money? 🤨
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