Solectron: Sept. 27 set for Flextronics' merger vote

By Lisa Kerner

Charlotte, N.C., Aug. 1 - Solectron Corp. shareholders will vote on the company's proposed merger with Flextronics International Ltd. at a special meeting on Sept. 27. The record date for the meeting is Aug. 6. Proxy statements will be mailed beginning on or about Aug. 13, according to a company news release.

As previously reported, Flextronics entered into a definitive agreement to acquire Solectron in a transaction worth some $3.6 billion. Solectron shareholders can elect to receive either 0.345 of a Flextronics share or a cash payment of $3.89 per share. The shareholders will own 20% to 26% of Flextronics' outstanding shares.

Flextronics is an electronics manufacturing services provider based in Singapore.

Located in Milpitas, Calif., Solectron offers collaborative design and new product introduction, supply chain management, lean manufacturing and aftermarket services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.