Regulators OK sale of Motorola unit

US antitrust regulators have approved Emerson Electric's $350 million purchase of Motorola's embedded communications computing business, an Associated Press report said.

Motorola's embedded computing products are used to control machines or other systems, and can be found in telecommunications, medical imaging, defense and aerospace applications.

The Associated Press report said Motorola announced the deal in September.

The business accounted for $520 million, or just above 1%, of Motorola's revenue, the Schaumburg, Ill.-based company said.

The transaction is expected to be completed by the end of the year, the company said.

The Federal Trade Commission included the deal on a list of transactions that received an 'early termination' of their antitrust reviews.
The report further said early termination refers to the completion of a review before the end of a 30-day period required under antitrust law.