Motorola (NYSE: MOT) has made some deep and difficult cuts; it’s stock price is close to a 52-week low; and it even gave up trying to sell off its ailing mobile devices unit. But perhaps all those efforts haven’t gone unnoticed. At least two private equity firms have started sniffing around the company’s assets, according to mergermarket (via the Financial Times).
Any potential buy-out sounds completely pre-mature, however, it is rumored that Advent International is looking for other investors to create a consortium. The deal may include a roll-up that would also include assets from Nortel to create a single entity. CVC, a private equity firm, apparently was asked to participate in the group, but declined to take part. Together, the two companies may be worth as much as $10 billion million. Motorola, Nortel, Advent and CVC all declined to comment. Motorola’s stock fell 10 cents or 2.67 percent to $3.65 a share today. The company’s 52-week low was $2.98 a share.
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