Motorola holders approve acquisition by Google
Motorola, which was one of the two parts split from Motorola Inc, said that 99 percent of the shares that were voted, voted in favor of the USD 40 per share deal. The shares represented about 74 percent of the company's total outstanding shares.
In August, Google said it will buy the handset device manufacturer in its biggest deal ever, paying a steep premium of 63 percent.
Libertyville, Illinois-based Motorola's shares closed at USD 38.94 on Thursday on the New York Stock Exchange while shares of Google closed at USD 600.87 on Nasdaq.