Wednesday, November 16, 2011

Motorola Mobility Stockholders Approve Merger with Google

Google's proposed acquisition of Motorola Mobility took a step forward with overwhelming approval by Motorola Mobility stockholders for the merger. The deal is expected to close in early 2012, pending regulatory approvals.

As previously announced on August 15, 2011, Motorola Mobility and Google entered into a definitive agreement for Google to acquire Motorola Mobility for $40.00 per share in cash, or a total of approximately $12.5 billion.

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