Motorola Solutions, Inc. (NYSE: MSI) has been notified of an unsolicited mini-tender offer by TRC Capital Corporation to purchase up to 1,000,000 shares of Motorola Solutions common stock from the stockholders of Motorola Solutions, representing approximately 0.59% of the outstanding shares of Motorola Solutions common stock, the company said.
TRC stated in the mini-tender offer that its offer price of USD 122.95 per share is approximately 4.74% lower than the USD 129.07 closing price per share of Motorola Solutions common stock on the New York Stock Exchange on May 15, 2020, the last trading day before the commencement of the offer.
Motorola Solutions does not endorse TRC´s mini-tender offer and recommends that stockholders reject this unsolicited offer by not tendering their shares.
Motorola Solutions is a provider of mission-critical communications and analytics. Learn more at www.motorolasolutions.com/.