Motorola Solutions Inc.
Motorola Solutions to Purchase Outstanding Convertible Notes from Silver Lake
Summary
Motorola Solutions, Inc. announced the purchase of its $1 billion 1.75% Convertible Senior Notes due 2024 from investment funds affiliated with Silver Lake Partners for $1.59 billion. This transaction will settle the notes, removing their dilutive impact on the company's shares outstanding. Additionally, Silver Lake's co-CEOs, Greg Mondre and Egon Durban, will continue to serve on Motorola Solutions' board.
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About Motorola Solutions Inc.
Motorola Solutions Inc. is a leading provider of communication technology solutions and services. The company primarily focuses on integrating mission-critical communication infrastructure, devices, software, and services. It serves a range of industries including public safety, government agencies, and enterprises, ensuring that seamless connectivity and reliable communication are maintained. Motorola Solutions' notable offerings include two-way radios, public safety systems, algorithm-driven software, and services like command center applications for dispatch and centralized operations. Known for its robust and secure communication networks, Motorola Solutions plays a vital role in enhancing operational efficiency, situational awareness, and response times in critical situations. Founded in 1928 and headquartered in Chicago, Illinois, the company continues to be at the forefront of innovation in communication technologies, adapting to the evolving needs of digital transformation and connectivity worldwide.
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