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Motorola Solutions acquiring Avigilon in $1B deal

Published 02/01/2018, 04:45 PM
© Reuters.  Motorola Solutions acquiring Avigilon in $1B deal
  • Along with earnings today, Motorola Solutions (NYSE:MSI) says it has a definitive deal to acquire Avigilon (OTCPK:AIOCF) in a transaction with an enterprise value of $1B.
  • That includes Avigilon's net debt. MSI will acquire all outstanding shares at C$27 each; shares closed in Toronto today at C$22.82, providing for an 18% premium.
  • The deal will bring Avigilon's end-to-end security systems into MSI's mission-critical portfolio. MSI will be able to extend into new segments of its commercial markets business by offering advanced security/surveillance solutions along with other products.
  • It has the unanimous support of Avigilon's board, and shareholders making up 12% of outstanding common shares have agreed to support the deal.


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