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Solectron Acquires C-MAC in $2.7 Billion Stock Transaction

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MILPITAS, Calif., Aug. 9 -- Solectron Corp. and C-MAC have announced a definitive agreement under which Solectron and C-MAC will combine to create a diversified designer and manufacturer of integrated electronic manufacturing solutions. The combination with C-MAC is expected to enhance Solectron's systems-solutions offerings and expand the company's portfolio. Under the terms of the agreement, Solectron will issue 1.755 shares of Solectron common stock in exchange for each C-MAC common share outstanding. Based on Solectron's Wednesday closing price of $17.20, the transaction is valued at...Read full article

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    Published: August 2001
    CommunicationsdefenseindustrialNews & Features

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