Reports: Motorola Solutions Mulling A Possible Sale

(RTTNews) - Communications equipment maker Motorola Solutions, Inc. (MSI) is mulling the sale of the company and is said to be in talks with Honeywell International Inc. (HON) on a deal, according to media reports on Sunday.

Motorola Solutions, which makes communication infrastructure, devices and software, was created in January 2011 when Motorola, Inc. was split into two independent public companies.

The other entity, Motorola Mobility, was later acquired by Google, Inc. (GOOG, GOOGL). A part of Motorola Mobility was then sold off to Chinese personal computers maker Lenovo Group Ltd (LNVGY, LNVGF) by Google in October 2014 in a $2.9 billion deal.

Schaumburg, Illinois-based Motorola Solutions currently has a market capitalization of about $14.90 billion. For fiscal 2014, the company reported net sales for the year that declined 6 percent to $5.88 billion from 6.23 billion last year.

The company has reportedly been working with financial advisers for that past several months on the sale. Other potential buyers fro the company could be private equity firms, Raytheon Co. (RTN) and General Dynamics Corp. (GD).

Motorola Solutions also closed the sale of its enterprise business to Zebra Technologies Corp. (ZBRA) for $3.45 billion in cash in late October 2014, which was agreed upon in April.

MSI closed Friday's regular trading session at $64.66, up $0.66 or 1.03% on a volume of 1.59 million shares. The stock surged a further 4.36 or 6.74% in after-hours trading.