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    FLEX — Flex News Story

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    Brief: Flex Announces $2.0 Billion Convertible Preferred Investment Into Axiom Led By General Catalyst With Koch Equity Development

    Picture of Flex logoFlex
    05/10/2026 13:09
    BRIEF-Flex Announces $2.0 Billion Convertible Preferred Investment Into Axiom Led By General Catalyst With Koch Equity Development
    Oct 5 (Reuters) - Flex Ltd FLEX.O:
    • FLEX ANNOUNCES $2.0 BILLION CONVERTIBLE PREFERRED INVESTMENT INTO AXIOM LED BY GENERAL CATALYST WITH KOCH EQUITY DEVELOPMENT
    • FLEX - INVESTMENT AT INITIAL ENTERPRISE VALUE FOR AXIOM OF $37.50 BILLION
    • FLEX - TO SEPARATE AXIOM INTO PUBLICLY TRADED COMPANY IN Q1 2027
    • FLEX - GENERAL CATALYST TO NOMINATE ONE DIRECTOR TO AXIOM BOARD AFTER SEPARATION
    Source text: ID:nPn5JzJ24a
    Further company coverage: FLEX.O

     ((Reuters.Briefs@thomsonreuters.com;))

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