Motorola Solutions redeeming $400M worth of debt

• With the company set to receive $3.45B from the sale of its enterprise unit to Zebra Technologies, Motorola Solutions (NYSE:MSI +1%) is redeeming $400M worth of 6% senior notes due 2017.
• Motorola ended Q2 with $2.9B in cash, and $2.4B in debt. The company has been spending heavily on buybacks - $416M worth of shares were repurchased in Q2 alone.