8-KOther Events

FLEX LTD. 8-K Report (Jul 26, 2004)

Filed July 26, 2004For Securities:FLEX

Summary

Flextronics International Ltd. (FLEX) announced on July 26, 2004, that it entered into an underwriting agreement on July 22, 2004, for a public offering of its ordinary shares. The offering involves 24,330,900 shares priced at $12.50 per share. This transaction is being conducted under a "universal shelf" registration statement previously filed and declared effective by the SEC. This offering represents a significant capital-raising event for Flextronics. Investors should note that this Form 8-K filing is for informational purposes and is not an offer to sell or a solicitation to buy the securities. The company has also filed an underwriting agreement and a legal opinion as exhibits to this report, providing further details on the terms of the offering.

Key Highlights

  • 1Flextronics International Ltd. is conducting a public offering of 24,330,900 ordinary shares.
  • 2The public offering price for each share is set at $12.50.
  • 3The underwriting agreement was entered into on July 22, 2004, with Citigroup Global Markets Inc. and Banc of America Securities LLC acting as representatives of the underwriters.
  • 4The offering is utilizing a previously established "universal shelf" registration statement declared effective by the SEC on August 28, 2002.
  • 5The company has filed the underwriting agreement and a legal opinion from Allen & Gledhill as exhibits to this report.
  • 6The filing explicitly states that this report is not an offer to sell or a solicitation to buy the shares.

Frequently Asked Questions

This Form 8-K filing announces that Flextronics International Ltd. has entered into an underwriting agreement for a public offering of its ordinary shares and provides details about the offering, including the number of shares, the price, and the underwriters.

Flextronics is offering 24,330,900 ordinary shares at $12.50 per share, which would result in gross proceeds of approximately $304.1 million if all shares are sold.

The underwriters are represented by Citigroup Global Markets Inc. and Banc of America Securities LLC.

A universal shelf registration statement allows a company to register securities it plans to offer in the future. This filing indicates that Flextronics had pre-registered these shares, making the current offering process more efficient.