Flextronics to buy Solectron for $3.6 billion
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Contract electronics maker Flextronics International Ltd.  said on Monday that it would acquire rival Solectron Corp.  for $3.6 billion in cash and stock.
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PALO ALTO, Calif.  -- Computer and printer company Hewlett-Packard Co. said Monday it will buy data center automation software company Opsware Inc. for about $1.6 billion.
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(InfoWorld) - Flextronics International plans to acquire rival Solectron to create an electronics manufacturing services powerhouse with more than $30 billion in annual revenue, Flextronics announced Monday. Flextronics, located in Singapore, would acquire Solectron, based in Milpitas, California, in a stock and cash deal worth about $3.6 billion. The combined company would operate in 35 countries with a combined employee base of about 200,000 people, including about 4,000 design engineers, Flextronics said in a press release. Both companies provide manufacturing services to a variety of industries. Flextronics focuses on electronics design, engineering, and manufacturing services to OEMs serving the automotive, computing, consumer digital, and medical industries. Solectron focuses on design, supply chain management, and product warranty repair services to companies serving the networking, telecom, computing, storage, automotive, medical, and defense industries. The deal will help the two companies improve their product development processes and supply chain management, Flextronics said in a press release. Solectron's strength in high-end computing and telecom will be an "invaluable addition" to Flextronics, Flextronics CEO Mike McNamara said in a statement. "We will be a larger, more competitive company and therefore better positioned to deliver supply chain solutions that fulfill our customers' increasingly complex requirements," he added. In February,Â Solectron CEO Michael Cannon resigned to join DellÂ as president of global operations. The merger is expected to close by the end of the year. The deal needs approval from shareholders from both companies as well as possible regulatory approvals, Flextronics said.
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Britain's BAE Systems said it had agreed to buy DigitalNet Holdings Inc, a provider of computer networks for the US government, for 600 million dollars (489 million euros) in cash.
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Contract electronics manufacturer Flextronics International Ltd  posted an adjusted third quarter profit that beat Wall Street forecasts on Tuesday, and reaffirmed its earnings and sales forecasts, sending its stock up nearly 5 percent.
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The company on Tuesday announced that it&#39;s acquiring privately held security equipment maker Net6 for $50 million in cash. The acquisition, which is expected to close in the fourth quarter of 2004, will thrust
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Vulcan Materials Co. , a maker of highway construction materials, said on Monday it agreed to buy Florida Rock Industries Inc.  in a cash and stock deal worth around $4.6 billion.
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PALO ALTO, Calif. -- Computer and printer company Hewlett-Packard Co. said Monday it will buy data center automation software company Opsware Inc. for about $1.6 billion.
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Flextronics , the world's  largest contract electronics manufacturer, posted on Tuesday a  jump in quarterly profit from a year ago, when results were  weighed down by charges.
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EMC Corp. EMC.N  on Tuesday said it  has agreed to acquire Smarts Inc., a privately held maker of  event automation and real-time network systems management  software, for about $260 million in cash.
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BRUSSELS  - European Union regulators on Friday cleared the acquisition by Singapore's Flextronics International Ltd. of manufacturing actives from Nortel Networks Corp., Canada's largest technology company.
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New Jersey-based Honeywell International Inc. , the aerospace and high-tech manufacturer, has agreed to buy the British industrial holding company Novar PLC for about $1.7 billion, the companies said yesterday.
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The database software said it would buy Hyperion, which makes business analysis software, for $3.3 billion.
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Contract electronics manufacturer  Flextronics International Ltd  posted an adjusted third  quarter profit that beat Wall Street forecasts on Tuesday, and  reaffirmed its earnings and sales forecasts, sending its stock  up nearly 5 percent.
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Flextronics International Ltd.,  the No. 1 contract electronics manufacturer, on Monday posted a  quarterly profit helped by strong sales of consumer electronics  equipment that it makes for brand-name customers.
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Britain's FirstGroup Plc  said on Friday it was buying U.S. firm Laidlaw International Inc. , which operates the iconic intercity Greyhound buses, in a $3.6 billion deal.
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Chemicals maker Huntsman Corp.  said on Thursday it agreed to be bought for $6.5 billion by Hexion Specialty Chemicals, which trumped an earlier bid for the U.S. company by rival Basell .