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> Xbox 360 Maker Mega-Merger: Flextronics Buys Solectron
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post Jun 4 2007, 11:09 PM
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Xbox 360 Maker Mega-Merger: Flextronics Buys Solectron
Posted by XanTium | June 4 18:09 EST | News Category: Xbox360
 
From forbes.com:
[QUOTE]
Singapore's Flextronics International Ltd. [one of the companies producing the Xbox360] will buy rival contract electronics maker Solectron Corp. for about $3.6 billion in cash and stock. Solectron shares climbed more than 14 percent in morning trading.

Under the deal announced Monday, Solectron will become a subsidiary of Flextronics, with Solectron shareholders holding a stake of between 20 percent to 26 percent.

Flextronics, whose customers include Casio Computer Co., Dell Computer Corp., Eastman Kodak Co. , Ericsson Telecom AB, Hewlett-Packard Co. , Microsoft Corp. , Motorola Inc., Nortel Networks Ltd., Sony-Ericsson and Xerox Corp. , expects the deal to add at least 15 percent to its earnings.
[/QUOTE]

Full Story: forbes.com

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belke
post Jun 5 2007, 12:35 AM
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in cash and stock? im curious to know how much cash of the 3 billion smile.gif
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eatshitanddie
post Jun 5 2007, 12:36 AM
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woah cool
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lowendfrequency
post Jun 5 2007, 01:39 AM
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*snore*
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CerealKiller741
post Jun 5 2007, 01:51 AM
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QUOTE(lowendfrequency @ Jun 4 2007, 08:15 PM) *

*snore*

Ditto.
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