Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Jabil Stock Swooned by 7% on Monday

TheMotleyFool

0 0

A new acquisition announced by electronic components maker Jabil (NYSE: JBL) on Monday wasn't greeted warmly by Mr. Market. Investors traded out of the company on news of its latest deal, to the point where the stock lost more than 7% of its value that trading session.

That morning, Jabil announced that it is now the owner of privately held Hanley Energy Group, which specializes in energy management and critical power solutions targeting the data center segment. The deal closed last Friday, and was effected in cash at a price of roughly $725 million. Jabil is also on the hook for as much as $58 million in contingent considerations.

Image source: Getty Images.

Source Fool.com

Like: 0

JBL

Share