Motorola announces conclusion of tender period for LYONs(TM) due September 27, 2013

Motorola, Inc. (NYSE: MOT) announced the conclusion of its offer to purchase its Liquid Yield Option Notes(TM) due September 27, 2013 (Zero Coupon-Subordinated) (the "LYONs"). Pursuant to the indenture under which the LYONs were issued in September 1993, the holders' option to surrender the LYONs for repurchase that began on August 29, 2003 expired at 5:00 p.m., New York City time, on Monday, September 29, 2003.Motorola has been advised by the trustee, Bank One Trust Company, N.A., that LYONs with an aggregate principal amount at maturity of approximately $98 million were validly tendered and have been repurchased by Motorola. This leaves an aggregate principal amount at maturity of approximately $4.4 million of LYONs outstanding, or approximately 1 percent of the original issue of $440 million of aggregate principal amount at maturity of LYONs.The purchase price for the LYONs was $799.52 per $1,000 principal amount at maturity. Accordingly, the aggregate purchase price for all of the LYONs validly tendered was approximately $78.4 million. Motorola paid the purchase price with available cash.Source: PCBnewsline