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Motorola Solutions exploring possible sale: Report

FP Archives February 8, 2015, 09:49:36 IST

Walkie-talkie and radio systems maker Motorola Solutions is looking into a possible sale, Bloomberg reported, citing people familiar with the matter.

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Motorola Solutions exploring possible sale: Report

Walkie-talkie and radio systems maker Motorola Solutions is looking into a possible sale, Bloomberg reported, citing people familiar with the matter. Potential buyers could include private-equity firms and defense contractors including Raytheon Co , Honeywell International and General Dynamics Corp, Bloomberg reported, citing one of the sources. The 87-year-old company is working with financial advisers as it looks for a buyer, Bloomberg cited the sources as saying. The sale process has been going on for several months, though a deal isn’t on the immediate horizon, one of the sources told Bloomberg. Motorola Solutions spokesman Kurt Ebenhoch declined to comment on rumors or speculation. Reuters

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