Billionaire Investor Took a New Stake in Flex Ahead of Its Planned Cloud Spinoff
Dan Loeb’s Third Point acquired 1 million Flex shares worth about $166 million in the second quarter, as of June 30.
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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
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8-K filing — FLEX LTD. (FLEX)
Filed: 2026-10-05 AccNo: 0001193125-26-413173 Size: 1 MB Item 1.01: Entry into a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 3.02: Unregistered Sales of Equity Securities Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
Shares of data center infrastructure-related companies are higher amid catalysts including Broadcom's plans to finance up to $60 billion of chips for Anthropic and reports suggesting Samsung may raise HBM prices threefold in 2027, both of which support strong demand the AI buildout. Also, a pullback in Fed rate hike bets provides a tailwind for highly leveraged, interest rate-exposed stocks.