Motorola Solutions Publicly Going Private
MKM Partners issued a research note, maintaining a Neutral rating on Motorola Solutions Inc stock.
Earlier in the year, media reports circulated that Motorola Solutions had shopped itself to private equity.
Private equity passed on buying the entire company, but Motorola Solutions’ recent $1 billion private investment in public equity (PIPE) deal with Silver Lake highlights, in our view, interest in the company’s strong cash-flow profile.
We can see Silver Lake and other private-equity firms investing more over time. This seems like more or less a public leveraged buyout to us, which is also the bull case for the stock, in our opinion.