Feb 1 (Reuters) - Walkie-talkie maker Motorola Solutions Inc said on Thursday it would buy Canadian security camera maker Avigilon Corp for C$1.2 billion ($978 million) in cash.
Motorola’s offer of C$27 per Avigilon share represents a premium of 18.3 percent to Avigilon’s Thursday closing price on the Toronto Stock Exchange.
Motorola said the deal was valued at $1 billion including debt. The value of C$1.2 billion is based on Reuters calculations.
Vancouver-based Avigilon makes surveillance cameras and other security hardware.
$1 = 1.2269 Canadian dollars Reporting by Karan Nagarkatti in Bengaluru; Editing by Sai Sachin Ravikumar