NasdaqGS:SANMElectronic
Sanmina (SANM) Is Up 9.3% After Strong Earnings and $3.5 Billion Acquisition Financing Has the Bull Case Changed?
Sanmina Corporation recently reported strong third-quarter earnings and provided improved guidance for its upcoming fiscal quarter, while also completing a significant tranche of its share buyback program.
An additional development includes a new US$3.5 billion credit facility arranged to fund the acquisition of ZT Group Int’l, Inc., establishing a first-priority secured structure over most company assets.
We’ll explore how this substantial financing commitment tied to the ZT Group...