Reuters: Technology News: Motorola Solutions to buy Psion for $200 million

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Motorola Solutions to buy Psion for $200 million Jun 15th 2012, 13:39 NEW YORK | Fri Jun 15, 2012 9:39am EDT NEW YORK (Reuters) - Motorola Solutions Inc said on Friday it agreed to buy mobile computing company Psion Plc for $200 million in cash to expand its business with industrial clients. Motorola agreed to pay $1.36 (88 pence per share), representing a premium of 45 percent on the Psion closing price of 60.5 pence on June 14. It said that it expects the acquisition to close in the fourth quarter.

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