Motorola said it will split into two public companies, separating its struggling mobile-phone business from its broadband and mobility-solutions operations. The move comes amid a longstanding battle with investor Carl Icahn, who has been urging the company to shed the handset unit.
March 27, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Motorola said Wednesday it will split into two independent, publicly traded companies, thus separating its struggling mobile-phone business from its broadband and mobility-solutions operations.
The move comes amid a longstanding battle with activist investor Carl Icahn, who has been urging the company to shed the handset unit.
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