Symbol to de-list from NYSE


Symbol to de-list from NYSE

Antony Savvas

Symbol Technologies is to de-list from the New York Stock Exchange. The move is in response to its impending takeover of the company by Motorola.

Symbol has scheduled a special meeting of shareholders for 9 January, to consider and vote upon the proposed takeover.

Symbol’s wireless data and barcoding systems are widely used in the retail and enterprise sector, and Motorola wants the firm to extend its technology offering to firms.

Symbol said it expects that the takeover, announced last autumn, will be completed soon after the special meeting, subject to regulatory approval.

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