Barcode printer maker Zebra Technologies Corp said it would purchase Motorola Solutions Inc's enterprise business, which makes rugged mobile computers, tablets and barcode scanners, for $3.45 billion in its biggest deal ever.The deal will allow Zebra, whose products help companies such as Amazon Inc track inventory and supply chains, to enhance its portfolio through a range of Internet-connected devices.Zebra's shares fell 11 percent to $60.77 on the Nasdaq on concerns the company's borrowings to fund the deal would be as big as its market value of $3.44 billion as of Monday's close.Zebra will finance the deal through a combination of $200 million cash on hand and $3.25 billion in debt, comprising a credit facility and issuance of debt securities.
Zebra Technologies Corporation (Zebra) designs, manufactures and sells specialty printing devices that print variable information on demand at the point of issuance. Shares of ZBRA fell by 10.56% or $-7.21/share to $61.07. In the past year, the shares have traded as low as $42.51 and as high as $72.76. On average, 301348 shares of ZBRA exchange hands on a given day and today's volume is recorded at 2800137.
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