Motorola split wraps up on January 4th

Just in time for CES, eh? We knew it was happening at some point in January, and Motorola has just announced that it'll formally be split into two companies as of January 4th, 2011. Actually, that's not technically accurate: Motorola Mobility -- the phone and set-top box guys -- will be spun off into their own entity, while the parent company will change its name from Motorola to Motorola Solutions, responsible for the company's infrastructure businesses. Shareholders of the current company as of December 21st will receive one share of Mobility for every eight shares they've got in their possession right now, while the remainder of the company will enact a 1-for-7 reverse split; as of the 4th, you'll be looking at two stock symbols: MMI for Mobility and MSI for Solutions. So... who's buying? Follow the break for the official press release.Continue reading Motorola split wraps up on January 4thMotorola split wraps up on January 4th originally appeared on Engadget on Tue, 30 Nov 2010 17:19:00 EDT. Please see our terms for use of feeds.Permalink   |   | Email this | Comments

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