(Reuters) - 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]
"Flextronics' review for possible downgrade reflects the
potential for increased financial leverage to result if the
transaction closes as planned, Moody's said in a statement.
"Solectron's review for possible upgrade reflects the potential
increased scale and client diversity provided by the merger,"
the agency added.
Read more at Reuters.com Bonds News
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]
"Flextronics' review for possible downgrade reflects the
potential for increased financial leverage to result if the
transaction closes as planned, Moody's said in a statement.
"Solectron's review for possible upgrade reflects the potential
increased scale and client diversity provided by the merger,"
the agency added.
Read more at Reuters.com Bonds News
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