Flex jumps ahead of S&P MidCap 400 inclusion

Flex

20/11/2024 13:23

** Shares of Singapore-based electronics maker Flex Ltd  FLEX.O 
jump 6.5% to $39.75 before the bell as co set to join S&P MidCap
400 index  .IDX  next week
    ** FLEX shares within spitting distance of record intraday
high of $40.30 hit on Nov 11
** Co to replace Azenta Inc  AZTA.O  in IDX effective Mon, Nov
25, the S&P Dow Jones Indices said 
    ** Life sciences firm AZTA to replace Envestnet  ENV.N  in
S&P SmallCap 600  .SPCY . AZTA shares up 8.8% to $44.50
premarket
** Bain Capital acquiring software vendor ENV in $4.5 bln deal
expected to close soon
    ** With ~387.8 mln shares outstanding, Flex has ~$14.5 bln
market cap, per LSEG
    ** Through Tues, stock up ~68% in 2024 and closed at $19.31
a yr ago

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper.thomsonreuters.com@reuters.net
lance.tupper@tr.com 1-646-279-6380))