Flex Inks Agreement To Sell $2B Shares Of Its Class A Convertible Preferred Stock Of Axiom Solutions International To Funds Affiliated With General Catalyst, Koch Equity Development, Co-Investors
Flex (NASDAQ: FLEX) announced today that it has entered into an agreement to sell $2.0 billion of shares of Series A Convertible Preferred Stock of Axiom Solutions International, Inc. (Axiom), Flex's Cloud and Power
Flex is selling a big stake in one of its businesses to investors. This means Flex is getting cash and these investors believe that business is valuable.
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