Motorola begins chip spinoff

December 18, 2003 – Motorola has filed a registration statement with the SEC for an initial public offering of its Semiconductor Products Sector business unit as a publicly-traded firm. According to Dow Jones, after the offering of Class A common stock for “SPS Spinco Inc.” (a temporary name), Motorola would distribute all outstanding shares of the new company’s Class B common stock in a tax-free spinoff before the end of 2004.


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