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Technology Stocks : RFID, NFC and QR code Technologies

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From: Glenn Petersen1/10/2007 7:09:58 PM
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Motorola Closes Symbol Acquisition

Tuesday January 9, 5:23 pm ET

Motorola Closes $3.9 Billion Symbol Technologies Acquisition

SCHAUMBURG, Ill. (AP) -- Cell phone maker Motorola Inc. said Tuesday it closed its acquisition of Symbol Technologies Inc., a maker of barcode scanners and handheld computers, for $3.9 billion.

Symbol will be the center of Motorola's business mobility business, the company said. The deal was first announced in September.

Trading of Symbol's shares has been halted as a result of the acquisition.

Motorola's shares fell 34 cents to close at $18.26 on the New York Stock Exchange and slid 5 cents to $18.21 in after-hours trading.

biz.yahoo.com
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