Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

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To: patroller who wrote (1181)	9/16/1999 8:43:00 AM
From: Sam	Read Replies (1) of 1422

Patroller, Amazing timing! Flex to offer over 14 million shares! I don't understand why they would want to offer so many shares. They'll have about a billion dollars if this offering goes off near the current price. The only thing I can think of is that they want to buy someone who won't take their stock, so they effectively want the public to buy them the company. What do you think? best wishes, sam Flextronics files to offer 14.4 mln shares WASHINGTON, Sept 15 (Reuters) - Electronics manufacturer Flextronics International Ltd. filed Wednesday to sell, from time to time, up to 14.4 million common shares and may use the net proceeds for working capital and debt repayment. It may also use the proceeds to fund capital expenditures and finance acquisitions, the Singapore-based company said in a shelf registration filing with the U.S. Securities and Exchange Commission. Flextronics shares were down 2-3/8 to 65-1/4 on Nasdaq.

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