UPDATE: Motorola Solutions, Inc. Purchases Approximately $1.2B of Its Common Stock from Icahn

Motorola Solutions, Inc. MSI announced today that it entered into a Stock Purchase Agreement with Carl Icahn and certain of his affiliates pursuant to which, among other things, the Company has purchased 23,739,362 shares of its common stock at a price of $49.15 per share, for aggregate cash consideration of $1,166,789,642 The Company's purchase of the Shares was made pursuant to existing authorization under its $3.0 billion stock repurchase program.