Avigilon Corporation has announced that Motorola Solutions, Inc. has completed the previously announced acquisition of all issued and outstanding common shares of Avigilon.
Motorola Solutions through its wholly owned subsidiary, Motorola Solutions Canada Holdings Inc., acquired 44,617,813 Avigilon shares for cash consideration of CAD$27.00 per share. This, together with net debt, represents a total enterprise value of approximately USD$1.0 billion.
The Avigilon shares are expected to be delisted from the Toronto Stock Exchange effective as of the close of trading on or about April 2, 2018, and Avigilon will apply to cease to be a reporting issuer in all provinces of Canada. A copy of Motorola Solutions’ early warning report will appear on Avigilon’s profile on SEDAR at www.sedar.com.
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