Shareholder Sues Motorola Over Google Deal
Libertyville-based Motorola Mobility Holdings Inc., faces lawsuit over recent deal.
A Motorola Mobility Holdings Inc. shareholder is suing the company and its CEO, Sanjay Jha, claiming Motorola did not get the best price when it agreed to be sold to Google Inc., according to BloombergBusinessWeek.
On Aug. 15, Google announced it would buy Libertyville-based Motorola for $12.5 billion in cash, news that was welcomed by Mayor Terry Weppler and Lake County Board Chairman David Stolman. Both said the deal would be good for the area.
Watch reactions to Google’s announcement from residents near Google's hometown in Mountain View, and near Apple's headquarters in Cupertino. Libertyville residents also weighed in on the deal.
For the full story on the lawsuit, visit: www.Businessweek.com