Motorola Solutions investor says will support fair bid for company
Aug 6 Motorola Solutions Inc’s second-largest shareholder, Orbis Investment Management Ltd, said it would support a sale if a “full and fair” offer was made for the company that makes walkie-talkies and two-way radios.
A $1 billion investment from Silver Lake – one of the biggest ever by the private equity firm – on Wednesday has revived speculation that Motorola Solutions could be taken private.
The company’s cash pile of $3.11 billion, as of July 4, could be an attractive asset for a private equity firm, analysts and investors said.
“If there is (a) party out there that would like to acquire it in full, we would be in support of that, assuming that it is at a full and fair price,” said Adam Karr, managing director of Orbis, which holds a 7.8 percent stake in Motorola Solutions.