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Motorola Solutions (MSI) Leaped To A New High After Q4 Report And Acquisition

Motorola Solutions Inc. (MSI) reported fourth quarter EPS of $2.10 after the close Thursday, up from $2.03 in the prior year period. Street expectations were for EPS of $2.04.

The company also announced that it has agreed to acquire Avigilon (AVO.TO) for approximately US$1.0 billion in an all-cash transaction.

Motorola Solutions gapped up at the open Friday and rose sharply in early trade, before settling into a range. Shares finished with a gain of 4.75 at $103.87 with volume at over an 11-month high. The stock climbed to a new high for the year.

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