SCHAUMBURG, Ill. – Jan. 4, 2011 – Motorola Solutions, Inc. (NYSE: MSI), formerly Motorola, Inc., today completed the previously announced separation of Motorola Mobility Holdings, Inc. Motorola Solutions shares begin trading today on the New York Stock Exchange (NYSE) under the ticker symbol “MSI.” Motorola Solutions delivers innovative business- and mission-critical communications solutions for commercial enterprises and government customers throughout the world.
Under the terms of the distribution, which was completed today, Motorola, Inc. stockholders as of the close of business on the record date of Dec. 21, 2010, received 1 share of Motorola Mobility Holdings common stock for every 8 shares of Motorola, Inc. common stock they held. Immediately following the distribution of Motorola Mobility Holdings common stock, Motorola, Inc. completed a 1-for-7 reverse stock split.
Motorola Solutions is a worldwide leader in nearly all of the markets we serve. We have a highly diversified customer base, employees in over 65 countries and an unmatched breadth of innovative technology offerings. Motorola Solutions meets a wide range of customer needs through its public safety solutions, mobile computing technology, advanced data capture, integrated command and control communications, WLAN solutions and advanced services.
“With a purpose-driven brand and a strong balance sheet, we are very well positioned for the future,” said Greg Brown, president and CEO of Motorola Solutions. “Motorola Solutions has an outstanding platform to build from and I believe our opportunities for growth will benefit customers, shareholders and employees.”
Brown and members of the Motorola Solutions management team will ring The Closing Bell™ at the NYSE today in honor of the initiation of Motorola Solutions’ first day of trading under the ticker symbol "MSI."