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Wednesday, November 20, 2013

BRIEF-Jabil Circuit to purchase SGI's primary manufacturing facility, other manufacturing assets for about $6 mln, (NYSE: JBL), (NASDAQ: SGI)

Silicon Graphics International Corp : * SGI finalizes terms of global supply chain partnership with Jabil Circuit * Jabil to purchase SGI's primary manufacturing facility and certain other manufacturing assets for about $6 million in cash * Says expects that about 130 of its manufacturing personnel in Chippewa Fallswill transfer to Jabil * Expects to incur cash and non-cash charges of about $2 million in its Q2ending December 27, 2013 * Source text for Eikon * Further company coverage

Jabil Circuit, Inc. (Jabil), is a providers of worldwide electronic manufacturing services and solutions. Shares of JBL remained unchanged at $19.70. In the past year, the shares have traded as low as $16.39 and as high as $24.32. On average, 2467720 shares of JBL exchange hands on a given day and today's volume is recorded at 0.

Silicon Graphics International Corp. is a technical computing company. Shares of SGI fell by 2.41% or $-0.29/share to $11.72. In the past year, the shares have traded as low as $7.70 and as high as $20.98. On average, 576582 shares of SGI exchange hands on a given day and today's volume is recorded at 489913.



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