Motorola Solutions Stock Buyback ~ Motorola Solutions

Wednesday, June 28, 2017

Motorola Solutions Stock Buyback

Hanging up on activism As part of an overall $3 billion stock-buyback program, Motorola Solutions wants to reduce the stake that activist invest Carl Icahn holds in the company by about $1.17 billion by buying back 23.7 million shares he owns for $49.15 each. using funds that are part of an existing $3 billion stock repurchase program. The agreement with Icahn also involved the resignation of board member Vincent Intrieri, an executive at Icahn's investment entities. In a statement, Motorola Solutions Greg Still, McCourt acknowledges Brown is “nearing the end of when buybacks can exceed their free cash flow.” At that point, Motorola Solutions' stock market performance will start to converge with its business performance. Which means the former is likely Motorola Solutions, Inc. (NYSE: MSI The company’s purchase of the shares was made as part of Motorola Solutions’ existing $12 billion stock repurchase program. “This transaction is an indication of our confidence in the business,” said Greg Motorola Solutions Inc reported a better-than-expected quarterly profit as it slashed costs, and the maker of walkie-talkies and radio systems raised its share buyback authorization in early trading on the New York Stock Exchange on Tuesday. We are impressed by Motorola’s efforts to reward its investors through dividend payments and buybacks show that Motorola Solutions is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive .

Motorola Solutions has about $600 million remaining from its earlier $7 billion buyback program, and the new authorization The company's shares rose 2.8% to $66.50 in early trading on the New York Stock Exchange on Tuesday. Motorola, which completed Motorola Solutions, the enterprise and networking company created from the break up of Motorola, will repurchase $1.17 billion of stock from Mr. Icahn, an activist investor, as part of a larger $3 billion share buyback program. Under the terms of the Communications technology monolith Motorola Solutions (NYSE: MSI) announced on Monday it will buy back $1.17 billion in stock from billionaire activist investor Carl Icahn. The purchase of about 24 million shares priced at $49.15 per share will also lead .