December 1, 2010

Morotola to split in January 4th

Motorola have finally decided to split up. Meaning, from just one company two will be born out of it. The Motorola board have decided and has approved a reverse stock split of 1-for-7. In January 4, Motorola will be renamed to Motorola Solutions Inc. and the mobile division of the company to Motorola Mobility Holdings Inc.

What is suppose to be expected from this move is that it will boost Motorola's current stock value. The two new entities will starting trading on January 4th or 2011 and will be traded as MSI (Motorola Solutions Inc.) and MMI (Motorola Mobility Inc) where new stocks will be issued for trading.

Source: BGR



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