Motorola Buys $1.17 Billion Of Stock Back From Carl Icahn

Motorola Solutions Inc. split in two about a year ago after Carl Icahn pressured the company. Motorola bought $1.17 billion of its stock from Icahn and said that his representative on the board is stepping down. The repurchase represents about 7% of shares outstanding. It is part of a $3 billion buyback program said Motorola Solutions. Icahn Enterprises G.P. Inc. director Vincent J. Intrieri has resigned from the board.
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