WASHINGTON, D.C.—Motorola Inc. filed last week with U.S. regulators to sell up to $2 billion in debt securities, common and preferred stock and other securities.
The company said it will use the proceeds for general corporate purposes. “The registration statement gives us the flexibility to continue our long-standing practice of moving quickly and decisively to enter the public capital markets when the time is right,” explained Motorola’s president Bob Growney. The company also said it will cut another 9,400 jobs, in another effort to return to profitability, bringing total layoffs for the year to 48,400.
