Nypro shareholders approve Jabil deal

The Employee Stock Ownership Plan (ESOP) participants and shareholders of plastics manufacturer Nypro Inc. have voted overwhelmingly to approve the transaction with Jabil Circuit, Inc, an electronic product solutions company based in Florida. The vote was announced at a special meeting of shareholders recently at Nypro headquarters in Clinton.

Nypro’s President & CEO Ted Lapres, who has made the announcement also noted that more than 98% of the outstanding voting shares of Nypro were cast in favor of the merger.

Closing conditions, primarily the receipt of applicable anti-trust approvals are awaiting approval before transaction is finalised. Antitrust approvals have been received in the US, Russia and Germany and are pending in China, Mexico and Hungary. Approvals are anticipated to be received during Jabil's fourth fiscal quarter.

Courtney Ryan, Jabil’s Senior Vice President, Global Business Units will be assuming a leadership role in the merged Nypro-Jabil operations.


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