Flex Ltd.
Flex Completes Spin-off of Nextracker Shares
Summary
On January 2, 2024, Flex Ltd. completed the spin-off of its remaining interest in Nextracker Inc. to its shareholders. This involved the distribution of Nextracker shares to Flex shareholders and a subsequent merger, which resulted in Nextracker becoming a wholly-owned subsidiary of Yuma, with Yuma in turn being a subsidiary of Nextracker. A Tax Matters Agreement was also entered into to govern tax obligations post-spin-off. These transactions were publicly announced via a press release.
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Exhibits (2)
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About Flex Ltd.
Flex Ltd. is a leading manufacturing and supply chain solutions provider that operates on a global scale. The company primarily focuses on developing and delivering innovative product solutions for a broad range of industries including consumer electronics, industrial automation, automotive, healthcare, and energy. Leveraging advanced technologies and supply chain expertise, Flex Ltd. offers comprehensive services ranging from design, engineering, and manufacturing to logistics and post-production support. As a key player in the manufacturing sector, the company enables its clients to streamline their operations, reduce costs, and accelerate time-to-market for new products. Flex Ltd.'s strategic global footprint, encompassing facilities and offices in over 30 countries, highlights its significant role in facilitating a seamless flow of goods across international markets. Founded in 1969 and headquartered in Singapore, Flex Ltd. continues to influence how businesses adapt to evolving technological and market demands with its commitment to efficiency, sustainability, and innovation.
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