SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 5, 1999
FLEXTRONICS INTERNATIONAL LTD.
(Exact Name of Registrant as Specified in Its Charter)
Singapore
(State or Other Jurisdiction of Incorporation)
0-23354 Not Applicable
(Commission (IRS Employer
File Number) Identification No.)
514 Chai Chee Lane, #04-13, Bedok Industrial Estate, Singapore 469029
(Address of Principal Executive Offices) (Zip Code)
(65) 449-5255
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 2: Acquisition or Disposition of Assets.
On March 5, 1999, Astron Group Limited ("Astron"), a wholly-owned
subsidiary of Flextronics International Ltd. ("Flextronics"), acquired certain
assets from Advanced Component Labs (HK) Limited ("ACL") pursuant to an asset
purchase agreement (the "Agreement") between Astron and ACL. Under the
Agreement, the Company acquired ACL's business of manufacturing printed circuit
boards and the assets used in such business in consideration for $15.0 million.
In addition, Astron assumed certain contractual and other obligations of ACL.
The amount of consideration was determined through negotiation. There were no
material relationships between either Astron or Flextronics and ACL prior to the
acquisition.
A copy of each of the Asset Purchase Agreement is filed herewith as Exhibit
2.01, and is incorporated herein by this reference thereto.
Item 7: Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
The required financial statements are not currently available. Pursuant to
paragraph (a) (4) of Item 7, any required financial statements will be filed as
soon as practicable, but not later than May 4, 1999.
(b) Pro Forma Financial Information.
The required pro forma financial information is not currently available.
Pursuant to paragraph (b) (2) of Item 7, any required pro forma financial
information will be filed as soon as practicable, but not later than May 4,
1999.
(c) Exhibits.
The following exhibit is filed herewith:
2.01 Asset Acquisition Agreement dated March 5, 1999 between Astron
Group Limited and Advanced Component Labs (HK) Limited.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FLEXTRONICS INTERNATIONAL LTD.
Date: March 18, 1999 By: /s/ Robert R.B. Dykes
-----------------------------
Robert R.B. Dykes
Senior Vice President of
Finance and Administration
INDEX TO EXHIBITS
Exhibit
Number Description of Exhibit
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2.01 Asset Acquisition Agreement dated March 5, 1999 between
Astron Group Limited and Advanced Component Labs (HK)
Limited.