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Technology Stocks : Motorola (MOT)

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From: Sr K	12/3/2015 8:54:27 PM
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news for MSI 12/3/2015 4:35 pm Motorola Solutions agrees to acquire Airwave for ~$1.2 bln; expects transaction to be immediately accretive to non-GAAP earnings and free cash flow (MSI) : Co and Airwave announced that they have entered into an agreement for Motorola Solutions to acquire Airwave for 817.5 million ($1.2 billion). Motorola Solutions expects its net cash payment to be 700 million ($1 billion) at closing. In addition, a deferred cash payment of 64 million will be made in November 2018. The agreement is expected to close in the first quarter of 2016. Airwave is the largest private operator of a public safety network in the world, delivering mission-critical voice and data communications to more than 300 emergency and public service agencies in Great Britain.

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