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Motorola Acquires Tellabs?
By Mark Evans | June 22, 2006
Amid scuttlebutt of a deal between Motorola and Nortel, Merrilly Lynch suggests Motorola could acquire Tellabs Inc. for cash. "We believe that Motorola is looking to acquire a wireline vendor, and the profile highlighted by management seems to fit Tellabs the most," the report said. "Management has not executed on its stated plan to buy back $1-billion of debt, suggesting a deal may be imminent." Merrill Lynch said they recently met with Motorola CEO Ed Zander and Executive VP Ron Garriques, who talked of their growing handset portfolio, including the debut in the next few months of the Razr 2 mobile phone, the Canary.
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Topics: Analyst Coverage |
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