Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, February 4, 2013

RPT-Jabil Circuit to purchase plastic product maker Nypro for $665 mln, (NASDAQ: AAPL), (NASDAQ: CSCO), (NYSE: JBL)

Jabil Circuit Inc said it would purchase Nypro Inc, a maker of precision plastic products, for about $665 million to add to its consumer electronics, healthcare and consumer packaging businesses.Jabil, which counts Apple Inc, Cisco Systems Inc and BlackBerry among its largest customers, said it expected the acquisition to be neutral or to slightly add to its core earnings per share in fiscal 2013.Clinton, Massachusetts-based Nypro had annual revenue of about $1 billion, Jabil said. It has about 12,000 employees and manufacturing operations in 10 countries."The combination with Nypro will extend Jabil's materials manufacturing capabilities into the healthcare and consumer packaging markets as well as add depth to our consumer electronics business," Jabil Chief Executive Timothy Main said in a statement.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL fell by 1.86% or $-8.45/share to $445.17. In the past year, the shares have traded as low as $435.00 and as high as $705.07. On average, 22099000 shares of AAPL exchange hands on a given day and today's volume is recorded at 8964508.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. Shares of CSCO traded higher by 0.05% or $0.01/share to $20.84. In the past year, the shares have traded as low as $14.96 and as high as $21.30. On average, 39461900 shares of CSCO exchange hands on a given day and today's volume is recorded at 17893290.

Jabil Circuit, Inc. (Jabil) is a provider of worldwide electronic manufacturing services and solutions. Shares of JBL traded higher by 0.31% or $0.06/share to $19.42. 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 1363982.



Source