Motorola Inc. will purchase an 80 percent stake in a Japanese maker of two-way radio equipment for $108 million (74.5 million EUR).
MI Inc., a Motorola subsidiary, will launch a tender offer to acquire Vertex Standard Co. and will form a joint venture with Tokogiken, a privately held company controlled by Vertex Standard's president and chief executive officer.
Tokogiken will control the remaining 20 percent of Vertex Standard.
"This joint venture will enable Motorola and Vertex Standard to deliver an enhanced combined product offering to new regions and customers worldwide," Mark Moon, senior vice president of Motorola's government and commercial markets said in a statement.
Motorola shares fell 26 cents to $17.69 in midday trading.
World's most powerful nuclear submarines, Arkhangelsk and Severstal, are to be dismantled after 2020 - their further exploitation is unprofitable
The United States' Head of Diplomacy, or Secretary of State, is an anachronistic, incompetent, meddling, intrusive, insolent and arrogant, rude individual, a brash, foul-mouthed upstart, a conceited, self-important guttersnipe and an insult to the international community, as fit for the job as a pedophile janitor in a grade school.