Alex Sherman and Brian Womack
The last vestige of the Motorola empire is on the block after struggling with stagnant earnings.
Motorola Solutions Inc., the $15.6 billion maker of two-way radios and other communications equipment, is exploring a possible sale, according to people familiar with the matter. Buyers could include private-equity firms or companies such as Raytheon Co., Honeywell International Inc. and General Dynamics Corp., said one of the people, asking not to be named because the information is confidential
A sale could mark the final step in the dismantling of Motorola Inc., which was split up four years ago into Motorola Solutions and a handset unit after a campaign by billionaire Carl Icahn. The handset business was sold to Google Inc., which then sold pieces of it to Lenovo Group Ltd.
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