Mo­torola Stock­hold­ers Happy with Google Merger

Voice&Data - - NEWS&VIEWS -

Mo­torola Mo­bil­ity has got ap­proval from its stake­hold­ers for the merger with Google. Ap­prox­i­mately 99% of the shares vot­ing at a spe­cial meet­ing of stock­hold­ers voted in fa­vor of the adop­tion of the merger agree­ment. On Au­gust 15, 2011, Mo­torola Mo­bil­ity and Google en­tered into a de­fin­i­tive agree­ment for Google to ac­quire the hand­set man­u­fac­turer for $40.00 per share in cash, or a to­tal of ap­prox­i­mately $12.5 bn.the merger is ex­pected to close by the end of 2011 or early 2012.

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