NEW YORK, Aug. 15, 2011 /PRNewswire/ -- Motorola Mobility Holdings, Inc. today announced that Google Inc. and Motorola Mobility have entered into an agreement under which Google will acquire Motorola Mobility for $40.00 per share in cash, a premium of 63% to the closing price of Motorola Mobility shares on August 12, 2011. Carl. C. Icahn commented:
This is a great outcome for ALL shareholders of Motorola Mobility, especially in light of today's markets. In the past three years we have fought long and hard to separate Motorola Mobility from Motorola Solutions, as well as bring Sanjay Jha., as co-CEO.
Additionally, we have been strong proponents of the company exploring multiple ways to enhance the value of its patent portfolio. Motorola is activism at its best and we applaud management and the Board for acting so responsibly.
SOURCE Carl C. Icahn