TEL AVIV (MarketWatch) -- Motorola Inc., (MOT
<http://www.marketwatch.com/quotes/mot>:
Motorola, Inc. the Schaumburg, Ill., communications-equipment giant,
said on Monday that it bid $108 million for 80% of Japan's Vertex
Standard Co., a provider of two-way-radio-communications solutions.
Motorola also said it would form a goint venture with Tokogiken, a
company controlled by Vertex President and Chief Executive Jun Hasegawa,
which will hold the other 20% oof Vertex. The deal price is 2,214 yen
($19.38) a share, reflecting a premium of 38% over Vertex Standard's
closing price on Friday and 41% over the three-month average closing
price. Vertex Standard's board has approved the terms, Motorola said.
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