Monday, November 29, 2010

Motorola Sets Separation Date for January 4, 2011

Motorola Mobility Holdings will separate from Motorola, Inc. through a tax-free dividend involving the distribution of all Motorola Mobility common stock held by Motorola to Motorola stockholders prior to market open on January 4, 2011. The company also approved a reverse stock split of shares of Motorola common stock following the distribution. Motorola stockholders of record will receive 1 share of Motorola Mobility common stock for every 8 shares of Motorola common stock they hold. Immediately following the distribution of Motorola Mobility common stock to Motorola stockholders, Motorola will effect a 1-for-7 reverse stock split of Motorola common stock, which will become effective prior to the market open on Jan. 4, 2011. http://www.motorola.com

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