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Shareholder sues Motorola Mobility over Google sale

August 18th, 2011

A Motorola Mobility shareholder has initiated a class-action lawsuit against the company after CEO Sanjay Jha announced intentions to sell the firm to Google for $12.5 billion. The shareholder hopes to block the sale and argues that Motorola Mobility failed to shop around for the best price. “The offered consideration does not compensate shareholders for …

Investor proposes RIM splits CEO and board chairmen roles

June 11th, 2011

Reuters reported on Friday that Northern and Ethical Investments, an investor in Research In Motion, has called for a shareholder vote to decide if co-CEOs Mike Lazaridis and Jim Balsillie should remain both co-chief executives and co-chairmen of the company’s board. Northern and Ethical Investments reportedly wants the Waterloo based company to have an independent …

Motorola announces shareholders meeting to approve reverse split

September 24th, 2010

Today, Motorola announced that it would be holding a special meeting for all stockholders on November 29. The company is seeking approval of a reverse split buyback of common stock; ratios being reported are anywhere from 1-for-3 to 1-for-7. “If approved by stockholders, the reverse split is expected to be implemented on Motorola Solutions common …