Jabil Inc shares are trading higher after it reached a preliminary deal for potential $2.2B sale of Mobility business To BYD Electronic.
Portfolio Pulse from Benzinga Newsdesk
Jabil Inc has reached a preliminary agreement for the potential sale of its Mobility business to BYD Electronic for $2.2 billion. This has resulted in a rise in Jabil's share prices.
August 28, 2023 | 12:29 pm
News sentiment analysis
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NEUTRAL IMPACT
BYD Electronic, a potential buyer of Jabil's Mobility business, is not directly impacted by this news as it is not listed in the US.
BYD Electronic is involved in the potential acquisition of Jabil's Mobility business. However, as it is not listed in the US, there is no direct impact on its stock price from this news.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
BYD Company Limited, the parent company of BYD Electronic, is not directly impacted by this news as it is not listed in the US.
BYD Company Limited, the parent company of BYD Electronic, is indirectly involved in the potential acquisition of Jabil's Mobility business. However, as it is not listed in the US, there is no direct impact on its stock price from this news.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Jabil Inc's stock price is trading higher after the announcement of a potential $2.2B sale of its Mobility business to BYD Electronic.
The announcement of the potential sale of Jabil's Mobility business to BYD Electronic for $2.2 billion has positively impacted Jabil's stock price. Investors are reacting positively to this news, leading to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100