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Monday, February 4, 2013

Jabil Circuit to purchase plastic product maker Nypro for $665 mln, (NYSE: JBL)

Contract manufacturer Jabil Circuit Inc said it would purchase Nypro Inc, a maker of precision plastic products, for about $665 million. Jabil said it expects to fund the deal from its existing cash and credit facilities.

Jabil Circuit, Inc. (Jabil) is a provider of worldwide electronic manufacturing services and solutions. Shares of JBL fell by 1.03% or $-0.2/share to $19.16. In the past year, the shares have traded as low as $16.82 and as high as $27.40. On average, 3117680 shares of JBL exchange hands on a given day and today's volume is recorded at 64501.