Thursday, December 16, 2010

Motorola Spin-Offs Make Market Debut

The two divisions of Motorola made their market debuts on Friday with the launch of "when issued" shares. The official split occurs on January 4.

Motorola Mobility Holdings (MMI) is the company's smartphone division. It closed at $25 on Friday.

Motorola Solutions Inc. (MSI) is the company's division that includes public safety radios, handheld scanners and telecom gear. It closed at $40.51.

Both companies will continue to use the Motorola brand.http://