1. Flextronics International Ltd, maker mobile of phones for Sony Ericsson Mobile Communications and the Xbox 360 game console for Microsoft Corp, agreed to buy smaller rival Solectron Corp. for about $3.6 billion to expand in the market for electronics manufacturing for companies such as mobile-phone makers.
2. The Solectron deal will add contracts with Cisco Systems Inc. and Sun Microsystems Inc.
3. Flextronics has expanded its product range.
4. Solectron's strength in the high-end computing and telecom segments will be an invaluable addition.
5. The combined company will have more than $30 billion in annual sales and about 200,000 employees.
Big fish eat small fish and become bigger than their sum by synergy
[Click here for full story at: BLOOMBERG.COM]
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