Flex Signs Deal To Acquire Electrical Power Products For ~$1.1B In Cash

Flex (NASDAQ: FLEX) has signed a definitive agreement to acquire Electrical Power Products, Inc. (EP2) for approximately $1.1 billion in cash, which includes anticipated tax benefits of about $0.1 billion, bringing the net cost to around $1.0 billion. EP2 specializes in engineered-to-order electrical power control and protection systems. The acquisition is projected to be accretive to Flex's adjusted earnings per share in the first full fiscal year following the transaction's completion.