Flex logo

FLEX - Flex News Story

$17.42 0.7  4.2%

Last Trade - 13/05/21

Sector
Technology
Size
Large Cap
Market Cap £5.94bn
Enterprise Value £6.76bn
Revenue £17.17bn
Position in Universe 1021st / 6856

BRIEF-Flextronics to buy Mirror Controls

Wed 29th April, 2015 9:04pm
April 29 (Reuters) - Flextronics International Ltd  FLEX.O : 
 * Deal for about $494 mln 
 * To further expand its automotive offering and customer portfolio through strategic acquisition of mirror controls international 
 * Says acquisition is expected to be accretive to flextronics' growth, margin, eps and cash flow profile 
 * Additional terms of the deal were not disclosed 
 * To fund acquisition from currently available resources,remains committed to returning over 50% of free cash flow to shareholders 
 
* Source text for Eikon  ID:nPn66fBjY  
 
* Further company coverage  FLEX.O  
 
 ((Bengaluru Newsroom; +1 646 223 8780))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.