Tuesday, September 19, 2006

WSJ.com - Motorola to Buy Symbol Tech In Deal Valued at $3.9 Billion

 Not just symbolic...

Motorola Inc. has agreed to acquire Symbol Technologies Inc. for $15 a share in cash, in a deal valued at about $3.9 billion, the wireless-technology companies said.

[...]

With the deal, Schaumburg, Ill.-based Motorola gains a company well established in mobile-data computing and radio-frequency identification, or RFID, technology. Symbol also is known for its role in spearheading the development of barcode-scanning technology.

"Everything is going digital, and everything digital is going mobile," said Ed Zander, Motorola's chairman and chief executive, in a statement. "This transaction significantly advances Motorola's enterprise mobility strategy," he said.

Source: WSJ.com - Motorola to Buy Symbol Tech In Deal Valued at $3.9 Billion

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