CORRECTED-Moody's, S&P may cut Flextronics on Solectron buy

(Reuters) - Moody's also said it may raise Solectron's ratings on the
acquisition.




Flextronics, the No. 1 U.S. contract electronics maker,
said on Monday it will buy Solectron for $3.6 billion in cash
and stock to cut costs and expand its product line. For
details, see [ID:nN04445158]


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