Flex Plans To Effect A Spin-off Of All Of Its Remaining Interest In Nextracker On A Pro Rata Basis
Portfolio Pulse from Benzinga Newsdesk
Flex Ltd. plans to spin-off all of its remaining interest in Nextracker on a pro rata basis. This move is expected to allow both companies to focus on their core businesses and enhance shareholder value.
October 25, 2023 | 8:16 pm
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POSITIVE IMPACT
Flex Ltd.'s decision to spin-off its remaining interest in Nextracker could potentially enhance shareholder value and allow the company to focus on its core business.
Spin-offs often result in increased focus on core businesses and potential enhancement of shareholder value. As such, this move by Flex Ltd. could potentially have a positive impact on its stock price in the short term.
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