|
|
|
Flextronics to Buy Solectron for $3.6 B |
| |
Author: Elena Todorova
123jump.com
Last Update: 10:21 AM EDT June 04 2007
Wall Street opened in the negative, pressured by an overnight plunge in the Chinese stock market. Merger activity continued on Monday, helping to limit the downward trend. Dominion added 1% after it agreed to sell most of its U.S. gas and oil operations to Loews and XTO Energy for a total of $6.5 Billion. Flextronics International fell 1.6% after it said it agreed to buy electronics maker Solectron in a cash-and-stock deal worth about $3.6 billion. |
|
| |
|
|
