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.