Barcode printer maker Zebra Technologies Corp said it would purchase Motorola Solutions Inc's enterprise business for $3.45 billion in cash. The business, which makes rugged mobile computers and tablets for companies, has struggled as clients delay orders and cut spending.
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 traded higher by 2.23% or $1.49/share to $68.28. 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 436421.
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