NEW YORK (Standard&Poor's) Jan. 18, 2006--Jabil Circuit Inc. (BBB-/--/Stable) recently announced that it is exercising an option to purchase Celetronix International Ltd., a privately held Indian electronics manufacturer, for a total of $210 million, including a previously advanced $25 million for the option and the assumption of $30 million in net debt. The acquisition will modestly enhance Jabil's existing low cost production and design operations in India. The transaction is expected to close in March. Standard&Poor's Ratings Services does not expect the acquisition to have an impact on its ratings or outlook on Jabil. Jabil has capacity to fund the acquisition without impairing liquidity. Cash balances as of Nov. 30, 2005, were $876 million, and liquidity
