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Motorola Solutions
MSI announced today that it has commenced a
modified "Dutch Auction" tender offer to repurchase shares of its common
stock for an aggregate purchase price of up to $2 billion (subject to a
customary increase if the tender offer is oversubscribed).
Motorola Solutions stockholders may tender all or a portion of their
shares (1) at a price specified by the tendering stockholder of not less
than $61.00 per share and not more than $66.50 per share or (2) without
specifying a purchase price, in which case their shares will be
purchased at the purchase price determined in accordance with the tender
offer. When the tender offer expires, Motorola Solutions will determine
the lowest price within the range of
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