Motorola has signed a merger agreement to purchase Symbol Technologies, the manufacturer of mobile-computing, advanced data-capture, RFID, wireless-infrastructure and mobility-management products. Motorola has agreed to acquire all of the outstanding shares of Symbol for $15 per share in cash. The transaction has a total equity value of approximately $3.9 billion on a fully-diluted basis. As of June 30, 2006, Symbol had approximately $200 million of net cash.
"Everything is going digital, and everything digital is going mobile—this is especially evident in the way businesses are run today. Motorola and Symbol share the same vision of a digital, mobile world for enterprises that matches the world people enjoy at home and at play," explains Ed Zander, Motorola chairman and CEO.
(10 October 2008) The Bombay Master Printers Association (BMPA) presents Print India 2008 in Mumbai from November 14 to 18. The international exhibition of printing and allied industries, themed ‘To...
(10 October 2008) Food Technology & Innovation Asia 2008 will be held on November 20-21, 2008 in Beijing, China. Organized by Global Leaders Institute, the summit expects over 250 industry decision-...
(9 October 2008) Chinese manufacturer and distributor of BOPET plastic films Fuwei Films says it has received the final results of the BOPET film-related anti-dumping investigation conducted by the...
(8 October 2008) Carlsberg says the Russian market is estimated to have been gloomy compared to the third quarter 2007 reflecting principally exceptionally poor weather across the region. This has ...
(7 October 2008) RPC Containers Market Rasen has provided a custom moulded lid – incorporating a levelling bar and a detachable scoop – for Heinz’s newly launched Nurture Follow-On milks for growin...
(2 October 2008) Krones AG, Neutraubling, Germany, will be using the BRAU Beviale 2008 to showcase new forms of service support. In the new interactive internet portal, called “LCS Remote Service”,...
(1 October 2008) Green at the source: Tetra Pak works with its paperboard suppliers to encourage good forest management practices. It’s quite a sight as the plane descends over the south coast of ...
(1 October 2008) Engineered nanoscale materials (ENMs), which contain properties that offer potential benefits for use in food packaging, raise new safety evaluation challenges for regulators and ...
While Tesco had previously resisted offering mortgages on the grounds that the margins were so tight that they were unprofitable, finance director Andrew Higginson said that the credit crunch seems to have created an opportunity. Tesco may begin offering home mortgages to compete with the major lenders.
In response to consumer research and the global trend for convenience, South Africa's Pick n Pay has opened its first small format convenience store in Fairland, Johannesburg.
Marks & Spencer has opened its first store in mainland China with hopes that it might lift flagging results. As the flagship store opened on West Nanjing Road, Shanghai’s premier shopping street, the UK retailer reported its worst performance for three years with like-for-like UK sales down by over six per cent over the last three months.
Sorin Minea, chairman of the Romanian Federation of Food Industry Business Owners (Romalimenta) says the food industry is currently overdeveloped in Romania and explains that the weight of current expenses...
US grocers including Whole Foods Market, Kroger and Stop & Shop have had to hire third party verifiers to root out produce that contains pesticide residue despite organic seals. Some supposedly organic producers are certifying conventionally-grown produce in order to increase the price.
Tesco, Britain's biggest retailer, has shown it operates best in tough markets, racking up a 10.3 per cent increase in profit of €1,824 billion for the first six months of 2008 to 23 August. Total sales rose 13.8 per cent to €32.1 billion.
