On September 14, Flex Ltd fell 7.01% in regular trading, trading at $109.95 per share, with turnover of approximately $27.47 million. The decline was driven by broad-based selling across the Electronic Manufacturing Services sector, compounded by investor concerns over balance sheet impact from the company's recently announced large-scale acquisition.

On the news front, Flex Ltd previously announced a $4.4 billion acquisition of EPC Power, aimed at strengthening its power conversion capabilities for AI data centers and grid applications. The company stated it plans to fund the transaction through a combination of debt and equity. EPC Power has deployed over 15 gigawatts of capacity across 62 countries, with US manufacturing capacity expected to surpass 30 gigawatts next year and projected annual revenue of approximately $800 million. Upon closing, EPC Power will join Flex's Cloud and Power Infrastructure segment, which is slated for a spinoff as a standalone publicly traded company in Q1 of next year.

While the acquisition targets high-growth AI infrastructure demand, the scale of debt financing required has raised market concerns about near-term balance sheet pressure. The broader EMS sector saw synchronized weakness, with Celestica down 7.09%, TTM Technologies down 6.64%, Fabrinet down 5.56%, Jabil Circuit down 4.93%, and TE Connectivity down 3.04%.

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