Motorola cell phone unit may reap windfall from split

06/18/2010 | Wall Street Journal, The

Motorola's planned split of its mobile-phone division next year would result in a bonanza for the unit under a strategy reportedly being considered that would swing about $3 billion to $4 billion to the cell unit's coffers after a company-debt buy-back program. That would reportedly leave the highly profitable Motorola Solutions unit -- which runs the telecom-networking and other businesses -- with the remaining cash and obligations for the company's pension fund and other liabilities.

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