m_and_a
confidence high
sentiment neutral
materiality 0.75
Motorola Solutions completes $4.4B acquisition of Silvus Technologies; funds with $1.5B in debt
Motorola Solutions, Inc.
- Completed acquisition of Silvus for $4.4B upfront ($4.38B cash + $20M restricted stock); up to $600M earnout in stock.
- Drew full $750M 364-day term loan and $750M three-year term loan to fund acquisition and repay Silvus debt.
- Silvus provides MANET technology for secure data/video/voice for defense, drones, public safety; complements MSI's LMR and video.
- Conference call Aug. 7 at 4pm CT to discuss acquisition; webcast at motorolasolutions.com/investors.
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