Motorola Mobility this morning announced that it has set a record date and a meeting date for its stockholders to vote upon a proposal to adopt the previously announced merger agreement with Google, which proposed to acquire the smartphone, set-top boxes and video solutions company for $12.5 billion (or $40 per share) in cash last August.

Motorola Mobility stockholders at the close of business on Tuesday, October 11, 2011, will be entitled to vote at the special meeting.

That meeting will be held on Thursday, November 17, 2011, at 10 AM, in San Diego.

The transaction is expected to close by the end of this year or in early 2012.

Motorola Mobility is what used to be the Mobile Devices division of Motorola until January 2011. A few years ago, the company bet its future in the mobile devices market by going full Android.

Google chairman Eric Schmidt recently told Bloomberg that the proposed takeover of Motorola Mobility may actually spur competition among smartphone makers using its Android software, and that the company will not play favorites with its partners.

Antitrust regulators are currently taking a close look at the merger proposal.

Here’s the full press release, which offers a tad more details: