Cell Phone News – Motorola completing split on January 4

Today Motorola announced that its board of directors has approved the split of Motorola Mobility from Motorola, Inc and that the separation will occur on January 4. Motorola, Inc. will change its name to Motorola Solutions and will trade on the NYSE under the ticker symbol MSI, Motorola Mobility Holdings will trade under the symbol MMI. “Today’s announcement marks another important milestone toward the upcoming separation that is expected to benefit Motorola, its stockholders, as well as each company’s respective customers and employees. We look forward to taking advantage of the opportunities before us as we begin the new year as two independent, publicly traded companies,” Greg Brown, Motorola co-CEO and CEO of Motorola Solutions, and Sanjay Jha, Motorola co-CEO and future CEO of Motorola Mobility, said in a joint statement. For more information on stock distribution ratios, head over to Motorola’s investor page.Read the full story here.

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