Motorola exploring possible sale: Bloomberg
Greg Brown, Chairman and CEO, Motorola Solutions, speaks with the media after meeting with U.S. President Barack Obama and other CEOs at the White House in Washington February 5, 2013.
Credit: Reuters/Joshua Roberts
(Reuters) – Walkie-talkie and radio systems maker Motorola Solutions Inc (MSI.N) is looking into a possible sale, Bloomberg reported, citing people familiar with the matter.
Potential buyers could include private-equity firms and defense contractors including Raytheon Co (RTN.N), Honeywell International Inc (HON.N) and General Dynamics Corp (GD.N), Bloomberg reported, citing one of the sources. (bloom.bg/16rCCCp)
The 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 declined to comment on rumors or speculation.
(Reporting by Anya George Tharakan and Nayan Das in Bengaluru; Editing by Alan Crosby)