NSN, Moto Agree on New Takeover Price

Nokia Siemens Networks, Motorola Solutions agree on new price for acquisition of Networks assets at US $975M

April 13, 2011

1 Min Read

ESPOO, Finland -- A new purchase price of US $975 million has been agreed for the sale of Motorola Solutions’ Networks assets to Nokia Siemens Networks.

In addition, Huawei has agreed to withdraw its claims and dismiss, with prejudice, its lawsuit against Motorola and Nokia Siemens Networks in the Chicago federal district court.

Motorola Solutions and Nokia Siemens Networks aim to close the transaction on April 29, 2011. Closing will be confirmed after, and provided that, the companies have received anti-trust approval from the Ministry of Commerce in China and all other closing conditions have been met.

Motorola Solutions Inc. (NYSE: MSI)

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