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Friday, February 6, 2015

Motorola exploring possible sale - Bloomberg, (NYSE: MSI)

Walkie-talkie and radio systems maker Motorola Solutions Inc is looking into a possible sale, Bloomberg reported, citing people familiar with the matter. Potential buyers could include private-equity firms and defense contractors, Bloomberg reported. ( 87-year-old company is working with financial advisers as it looks for a buyer, Bloomberg cited the sources as saying.The sale process has been going on for several months, though a deal isn't on the immediate horizon, one of the sources told Bloomberg.Motorola Solutions spokesman Kurt Ebenhoch failed to comment on the speculation, in line with company policy.

Motorola Solutions, Inc. (Motorola Solutions) provides communication infrastructure, devices, software and services. Shares of MSI traded higher by 1.03% or $0.66/share to $64.66. In the past year, the shares have traded as low as $57.79 and as high as $68.33. On average, 1669130 shares of MSI exchange hands on a given day and today's volume is recorded at 1585871.