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Divested its Mobility business to BYD Electronic (International) Company Limited in a cash transaction valued at $2.2 billion.
January 2, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Jabil Inc. announced the closing of the transaction to divest its Mobility business to BYD Electronic (International) Company Limited (BYDE) in a cash transaction valued at $2.2 billion. The company previously announced the signing of a definitive agreement for the transaction on Sept. 26, 2023. “We are pleased to successfully close this transformational deal and I am confident that this is the right step forward for Jabil,” said CEO Kenny Wilson. “The net proceeds will enable us to enhance o...
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