Motorola Solutions (MSI +3.2%) closes higher after reaching a deal with activist investor...
Friday, October 26, 2012, 4:06 PM ETMotorola Solutions (MSI +3.2%) closes higher after reaching a deal with activist investor ValueAct Capital. ValueAct partner Bradley Singer has been added to Motorola's board, and so has ConEd CEO Anne Pramaggiore. In return, ValueAct has promised to keep its stake in Motorola in a range between 7.5%-12.5% until the company's 2014 shareholder meeting, and not to wage a proxy fight. (Q3 results)
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