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Sanmina-SCI decides not to buy facilities from Siemens

BERLIN-Sanmina-SCI said it has canceled its memorandum of understanding to buy three production facilities belonging to Siemens AG’s IC Networks unit.

“We have determined that the acquisition of these . facilities no longer meets the objectives established by both companies,” said Jure Sola, chairman and chief executive of Sanmina.

The facilities were in Lake Mary, Fla., and in Europe.

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