March 28, 2018 By SP&T Staff
Through its wholly owned subsidiary, Motorola Solutions Canada Holdings Inc., Motorola Solutions acquired 44,617,813 Avigilon shares for cash consideration of CAD $27.00 per share. This, together with net debt, represents a total enterprise value of approximately USD $1.0 billion.
The Avigilon shares are expected to be delisted from the Toronto Stock Exchange effective as of the close of trading on or around April 2, 2018, and Avigilon will apply to cease to be a reporting issuer in all provinces of Canada.
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