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BRIEFS.(Business)
- Article from:
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Rocky Mountain News (Denver, CO)
- Article date:
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September 20, 2006
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Copyright informationCOPYRIGHT 2006 Rocky Mountain News. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NATIONAL
Motorola to buy maker of handheld scanners
Motorola Inc., the world's second- largest maker of mobile phones, agreed to buy Symbol Technologies Inc. for $3.9 billion in cash to expand into the market for handheld retail bar-code scanners.
Investors will receive $15 a share, Schaumburg, Ill.-based Motorola said. The offer is 18 percent more than Symbol's closing price of $12.71 on Sept. 15, before The Wall Street Journal reported a sale was likely.
The acquisition makes Motorola the biggest seller of handheld scanners with built-in computer features to track goods, and gives the company entry into the market for radio frequency identification devices. ...