March 27, 2018 / 1:31 AM / 6 months ago

BRIEF-Flex To Divest Multek's China Operations To Multi-Fineline Electronix

March 26 (Reuters) - Flex Ltd:

* FLEX TO DIVEST MULTEK'S CHINA OPERATIONS TO MULTI-FINELINE ELECTRONIX INC ("MFLEX")

* ‍MULTEK WILL CONTINUE OPERATING WITH ITS EXISTING NAME AND LOCATION IN ZHUHAI, CHINA​

* ‍MFLEX WILL ACQUIRE ALL OF EQUITY INTERESTS IN NON-US SUBSIDIARIES OF FLEX THAT OPERATE CHINA-BASED BUSINESS OF MULTEK, FOR PROCEEDS OF ABOUT $273 MILLION​

* ‍US-BASED MULTEK OPERATION WILL REMAIN A WHOLLY OWNED FLEX SUBSIDIARY​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below