News Articles

Friday, November 18, 2011

Shareholders approve Motorola Mobility merger with Google

Motorola Mobility shareholders have voted to approve the company’s proposed merger with Google, which was first announced in August.

Around 99% of the voting shares at yesterday’s Special Meeting of Stockholders voted in favour of adopting the merger agreement. (That represented approximately 74% of Motorola Mobility’s total outstanding shares of common stock).

Sanjay Jha, chairman and CEO of Motorola Mobility, said “We are pleased and gratified by the strong support we have received from our stockholders, with more than 99% of the voting shares voting in support of the transaction. We look forward to working with Google to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners.”

The merger is currently expected to be completed in early 2012.

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 554

Tags: motorolagoogle

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«October 2016»
MonTueWedThuFriSatSun
262728293012
3456789
10111213141516
17181920212223
24252627282930
31123456

Archive

Terms Of Use | Privacy Statement