Motorola to buy Canadian security camera maker Avigilon for $1.2 billion cash

Walkie-talkie maker Motorola Solutions Inc said on Thursday it would buy Canadian security camera maker Avigilon Corp for $1.2 billion cash. Motorola’s offer of $27 per Avigilon share represents a premium of 18.3 per cent to Avigilon’s Thursday closing price on the Toronto Stock Exchange. The acquisition would help expand Motorola’s portfolio with new products…

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