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Avigilon shareholders approve sale to Motorola Solutions

The shareholders of Vancouver, Canada-based security solutions provider Avigilon Corp. approved Motorola Solutions Inc.'s acquisition of Avigilon for cash consideration of C$27.00 per share.

A total of 98.24% votes cast by shareholders at the special meeting held March 22 were in favor of the arrangement, which Avigilon expects to close by the end of March 2018, subject to court approval and other closing conditions.

The acquisition, which was originally disclosed Feb. 1, will be made through Motorola Solutions' wholly owned subsidiary, Motorola Solutions Canada Holdings Inc.