Motorola Mobility, Ranbaxy, Tavern on the Green: Intellectual Property - Bloomberg

Motorola Mobility Holdings Inc., the mobile-phone maker that agreed to be bought this week for $12.5 billion by Google Inc. (GOOG), cannot solicit other offers, according to terms of the merger agreement published yesterday. All employees and directors of the company as well as outside advisers and legal counsel had to stop any solicitation of other proposals as of Aug. 15, the document states. Still, Motorola’s board has a fiduciary duty to...