MOT Plans Reverse Stock Split

Motorola Inc MOT announced on Friday a special meeting of stockholders on November 29 to accept a reverse stock split for Motorola Solutions, which would be an entity arising from MOT dividing itself into two firms. The company is planning a stock split ratio ranging from 1 for every 3 shares to 1 for every 7 shares. MOT's board of directors would take the final decision. This reverse split is part of MOT's plan to divide itself into two companies, namely Motorola Mobility and Motorola Solutions. According to Motorola, the reverse split will help to improve the marketability and liquidity of its stock. Read more from Benzinga's Company news.