Motorola To Sell Embedded Unit To Emerson For $350 Million

Iria · Sep 28, 2007, 10:12 PM

Source: Information Week
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Motorola has agreed to sell its Embedded Communications Computing (ECC) business to Emerson Electric for $350 million in cash -- a move that will enable Motorola to focus more intently and with strengthened financial resources on its ailing cell phone business.

In a statement issued Friday, the companies said: "For Motorola, the transaction sharpens its focus on its core business and technologies and provides additional capital to drive further growth and enhance shareholder value." The deal is expected to close by the end of the year.

Sep 28, 2007, 10:12 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Motorola To Sell Embedded Unit To Emerson For $350 Million Source: Information Week ________ Motorola has agreed to sell its Embedded Communications Computing (ECC) business to Emerson Electric for $350 million in cash -- a move that will enable Motorola to focus more intently and with strengthened financial resources on its ailing cell phone business. In a statement issued Friday, the companies said: "For Motorola, the transaction sharpens its focus on its core business and technologies and provides additional capital to drive further growth and enhance shareholder value." The deal is expected to close by the end of the year.