Motorola to split into two companies

**MIG-31** · Mar 26, 2008, 02:38 PM

NEW YORK (Reuters) - Motorola Inc said on Wednesday it would split into two publicly traded entities to separate its loss-making handset division from its other businesses, sending its shares up more than 10 percent.

The move, which comes amid an intensifying proxy battle against activist investor Carl Icahn, would take the form of a tax-free distribution to Motorola's shareholders and is expected to be completed in 2009, the company said.
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Source: Reuters

Mar 26, 2008, 02:38 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 55,772 Rep Power: 444 System Specs	Motorola to split into two companies NEW YORK (Reuters) - Motorola Inc said on Wednesday it would split into two publicly traded entities to separate its loss-making handset division from its other businesses, sending its shares up more than 10 percent. The move, which comes amid an intensifying proxy battle against activist investor Carl Icahn, would take the form of a tax-free distribution to Motorola's shareholders and is expected to be completed in 2009, the company said. ____________ Source: Reuters __________________ Please Post Your News Submissions Here