Silver Lake invests USD 1 bln in Motorola Solutions

(Telecompaper) Motorola Solutions has attracted an investment of USD 1 billion from Silver Lake to help grow its business in public safety communications. Silver Lake will subscribe to 2.0 percent convertible bonds due 2020. They have an initial conversion price of USD 68.50 per share, a 17 premium on Motorola's average share price in the past 30 days. Motorola said it will use the cash injection to fund part of a new USD 2 billion share repurchase programme. In connection with Silver Lake's in