Motorola Mobility To Split From Motorola Inc. Starting January 4

Motorola Mobility will be splitting from Motorola, Inc. (NYSE:MOT) on the New York Stock Exchange starting January 4th. Shareholders in Motorola Inc. will get one share of every 8 Motorola Inc. shares they hold when the companies split. Motorola Mobility will trade under the symbol MMI on the NYSE. This transaction will be tax-free. The remainder of the company will be changing to Motorola Solutions, which will oversee the company’s public safety and enterprise businesses. Stockholders will receive Motorola Mobility shares on December 21st. [Reuters]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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