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FLEX - Flex News Story

$17.42 0.7  4.2%

Last Trade - 13/05/21

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))
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