Monday, September 18, 2006

Symbol Technologies (SBL) Near Deal to Sell Itself - WSJ

According to reports from the Wall Street Journal, Symbol Technologies Inc. (NYSE: SBL) is auctioning itself off, which could result in a quick sale. Motorola Inc. (NYSE: MOT) is said to be in the best position to win the auction. One person said that a deal could come in at about $15 per share.

Symbol Technologies, Inc. is a recognized worldwide leader in enterprise mobility, delivering products and solutions that capture, move and manage information in real time to and from the point of business activity.

Shares of Symbol rallied up to $14.58 (+14.71) in Mid-day action Monday on the speculation.


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