United States
Securities Exchange Commission
Washington, D.C. 20549
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Schedule 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(a) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(a)
(Amendment No. 1)
Flextronics International Ltd.
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
Y2573F102
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(CUSIP Number)
Richard C. Morrissey
Sullivan & Cromwell
9a Ironmonger Lane
London EC2V 8EY England
Telephone: 011-44-171-710-6500
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
Copy to:
James Bartos
Shearman & Sterling
199 Bishopsgate
London EC2M 3TY England
Telephone: 011-44-171-920-9020
December 10, 1998
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(Date of Event which Requires Filing of this Statement)
<PAGE>
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
statement because of Rule 13d-1(b)(3) or (4), check the following [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following pages)
<PAGE>
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CUSIP NO.
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1. NAME OF REPORTING PERSON
Koninklijke Philips Electronics N.V.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
The Netherlands
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7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 97,600
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
97,600
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
97,600
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
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14. TYPE OF REPORTING PERSON
CO
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<PAGE>
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CUSIP NO.
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1. NAME OF REPORTING PERSON
Osterreichische Philips Industrie GmbH
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Austria
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7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 73,877
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
73,877
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
73,877
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
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14. TYPE OF REPORTING PERSON
CO
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<PAGE>
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CUSIP NO.
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1. NAME OF REPORTING PERSON
Philips Beteiligungs GmbH
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Austria
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7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 23,723
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
23,723
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,723
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
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14. TYPE OF REPORTING PERSON
CO
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<PAGE>
Item 1. Security and Issuer
The class of equity securities to which this Statement on Schedule 13D
relates is the Ordinary Shares, par value $0.01 per share (the "Securities"), of
Flextronics International Ltd. (the "Issuer"), a Singapore corporation with its
principal executive offices located at 514 Chai Chee Lane # 04-13, Bedok
Industrial Estate, Singapore 469029.
Item 2. Identity and Background
All references to Philips Electronics N.V. ("PENV") should now be read
as Koninklijke Philips Electronics N.V. ("KPENV") in order to reflect the
Company's name change since the November 18, 1997 filing of its Statement on
Schedule 13D.
Item 4. Purpose of Transaction
On December 7, 1998, the Issuer, Osterreichische Philips Industrie GmbH
("Philips I") and Philips Beteiligungs GmbH ("Philips II") entered into an
underwriting agreement (the "Underwriting Agreement") with NationsBanc
Montgomery Securities LLC, pursuant to which Philips I sold 757,248 Ordinary
Shares and Philips II sold 243,152 Ordinary Shares. Under the terms of the
Underwriting Agreement, the purchase price for the Ordinary Shares sold by
Philips I and Philips II was $72.00.
Item 5. Interest in Securities of the Issuer
KPENV, Philips I and Philips II (collectively, the "Reporting Persons")
beneficially own 97,600 Issuer Ordinary Shares. By virtue of the fact that
Philips I and Philips II are each wholly owned subsidiaries of KPENV, KPENV and
Philips I may be deemed to share voting and dispositive power over the 73,877
Ordinary Shares beneficially owned by Philips I, and KPENV and Philips II may be
deemed to share voting and dispositive power over the 23,723 Ordinary Shares
beneficially owned by Philips II. The 97,600 Ordinary Shares owned by the
Reporting Persons constitute less than 1% of the issued and outstanding Ordinary
Shares.
Item 7. Material to be Filed as Exhibits
1. The Underwriting Agreement incorporated herein by reference to Exhibit 1.1
to the Form 8-K filed by the Issuer and dated December 7, 1998. SEC File #:
000-23354
2. Power of Attorney, dated December 9, 1998, authorizing J.M.L.M. Ingen Housz
to sign on behalf of Dr. Michael Breitegger, as a member of the Board of
Management of Philips I
3. Power of Attorney, dated December 9, 1998, authorizing J.M.L.M. Ingen Housz
to sign on behalf of Dr. Michael Breitegger, as a member of the Board of
Management of Philips II
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
December 18, 1998 Koninklijke Philips Electronics N.V.
By: /s/ A. Westerlaken
-----------------------------------
Name: A. Westerlaken
Title: General Secretary
Osterreichische Philips Industrie GmbH
By: /s/ J.M.L.M. Ingen Housz
-----------------------------------
Name: J.M.L.M. Ingen Housz
Title: Director Philips Corporate
Treasury
Philips Beteiligungs GmbH
By: /s/ J.M.L.M. Ingen Housz
-----------------------------------
Name: J.M.L.M. Ingen Housz
Title: Director Philips Corporate
Treasury
<PAGE>
EXHIBIT INDEX
Exhibit Description
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1. The Underwriting Agreement incorporated herein by reference to
Exhibit 1.1 to the Form 8-K filed by the Issuer and dated December
7, 1998. SEC File #: 00023354
2. Power of Attorney, dated December 9, 1998, authorizing J.M.L.M.
Ingen Housz to sign on behalf of Dr. Michael Breitegger, as a
member of the Board of Management of Philips I
3. Power of Attorney, dated December 9, 1998, authorizing J.M.L.M.
Ingen Housz to sign on behalf of Dr. Michael Breitegger, as a
member of the Board of Management of Philips II
POWER OF ATTORNEY
The undersigned, Dr. Michael Breitegger, member of the Board of Management of
Osterreichische Philips Industrie GmbH, ("Philips"), and Mr. Ernst Strebinger
general secretary and "Prokurist" of Philips, in such capacity jointly
authorised to represent Philips at law or otherwise, herewith authorise, with
the right of substitution,
Mr. P.J.W.M. Warmerdam
and
Mr. J.M.L.M. Ingen Housz
(both directors of Philips Corporate Treasury)
and
Mr. D.C. Walkovik
(Lawyer at Sullivan & Cromwell)
each acting individually, to sign any document on behalf of Philips in
connection with the sale, transfer, or other disposal (in full or in part) of
831,125 shares of Flextronics International Ltd. and to do or cause to be done
all such acts and things as are deemed necessary or advisable in connection
herewith.
This power of attorney is valid until December 31, 1998.
Vienna, December 9, 1998
Osterreichische Philips Industrie GmbH
/s/ Michael Breitegger /s/ E. Strebinger
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Mr. Michael Breitegger Mr. E. Strebinger
POWER OF ATTORNEY
The undersigned, Dr. Michael Breitegger, member of the Board of Management of
Philips Beteiligungs GmbH, ("Philips"), and Mr. Ernst Strebinger general
secretary and "Prokurist" of Philips, in such capacity jointly authorised to
represent Philips at law or otherwise, herewith authorise, with the right of
substitution,
Mr. P.J.W.M. Warmerdam
and
Mr. J.M.L.M. Ingen Housz
(both directors of Philips Corporate Treasury)
and
Mr. D.C. Walkovik
(Lawyer at Sullivan & Cromwell)
each acting individually, to sign any document on behalf of Philips in
connection with the sale, transfer, or other disposal (in full or in part) of
266,875 shares of Flextronics International Ltd. and to do or cause to be done
all such acts and things as are deemed necessary or advisable in connection
herewith.
This power of attorney is valid until December 31, 1998.
Vienna, December 9, 1998
Philips Beteiligungs GmbH
/s/ Michael Breitegger /s/ E. Strebinger
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Mr. Michael Breitegger Mr. E. Strebinger
