Company Motorola Mobility Holdings, Inc. announced that at the recent special meeting of shareholders overwhelmingly approved the proposed transaction to merge with Google.
Approximately 99% of shareholders voting at the last meeting voted to adopt the merger agreement, which is about 74% of the outstanding common shares of Motorola Mobility on 11 October this year.
Recall that the August 15, 2011 Google and Motorola announced the signing of a definitive agreement to acquire shares of the search giant Motorola Mobility for $ 40 in cash per share, which was to make a total of approximately $ 12.5 billion. The companies expected the deal to be closed in late 2011 or early 2012, but given the current state of affairs, the final merger of companies expect to begin early next year.
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