Motorola to buy Yaesu

Motorola USA has announced its intention to launch a tender offer to acquire a controlling interest in Vertex Standard Co, Ltd. Vertex Standard is the parent company of Yaesu.

Motorola will own 80 percent of Vertex Standard; Tokogiken, a privately held Japanese company, controlled by current president and CEO of Vertex Standard Jun Hasegawa, will retain 20 percent, forming a joint venture.

The total purchase price for 80 percent of the outstanding shares on a fully diluted basis will be approximately US $108 million.