Moody's: Motorola unaffected

Moody's Investors Service said Motorola Solutions Inc.'s purchase of an approximately $1.2 billion block of stock from entities controlled by Carl Icahn does not impact the company's Baa2 senior unsecured rating.

The stock purchase is within Motorola's authorized buyback program and, though it accelerates the execution of the program, will result in a diminished role for the activist shareholder.

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