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Motorola Mobility stockholders approve Google merger

PRNewswire

LIBERTYVILLE — Motorola Mobility Holdings stockholders Thursday overwhelmingly approved the company's merger with California-based Google Inc.

Approximately 99 percent of the shareholders at a special meeting voted in favor of the adoption of the merger agreement, which represented approximately 74 percent of Motorola Mobility's total outstanding shares of common stock as of Oct. 11.

“We are pleased and gratified by the strong support we have received from our stockholders, with more than 99 percent of the voting shares voting in support of the transaction,” said Sanjay Jha, chairman and CEO of Motorola Mobility. “We look forward to working with Google to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners.”

In August, Google announced its intentions to acquire the Libertyville-based maker of cellphones, tablets and mobile equipment for approximately $12.5 billion. While it was originally expected the companies would finalize the merger by the end of the year, it's now expected the deal will close in early 2012 pending regulatory approvals.

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