Flex Announces $2.0 Billion Convertible Preferred Investment Into Axiom Led By General Catalyst With Koch Equity Development

By Reuters News

- Flex Ltd FLEX.O:

  • FLEX ANNOUNCES $2.0 BILLION CONVERTIBLE PREFERRED INVESTMENT INTO AXIOM LED BY GENERAL CATALYST WITH KOCH EQUITY DEVELOPMENT

  • FLEX - INVESTMENT AT INITIAL ENTERPRISE VALUE FOR AXIOM OF $37.50 BILLION

  • FLEX - TO SEPARATE AXIOM INTO PUBLICLY TRADED COMPANY IN Q1 2027

  • FLEX - GENERAL CATALYST TO NOMINATE ONE DIRECTOR TO AXIOM BOARD AFTER SEPARATION

Further company coverage: FLEX.O

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