ST. PETERSBURG, FL -- Jabil Circuit today launched a bid for Taiwan Green Point Enterprises Co., a  provider of electromechanical manufacturing and services for mobile products.

Jabil said it would offer about $3.31 a share for Green Point stock, putting the bid between $875 million and $900 million.

The deal would include nine plants, including seven in China and one each in Taiwan and Malaysia, and Green Point's 30,000 workers.

Under the deal, Green Point will retain its name and operate as an independent subsidiary.

In a statement, Jabil president and CEO Tim Main, "Green Point has significant scale in the design and production of advanced plastics and metals for the mobile products market. When combined with Jabil's global infrastructure, systems and electronic expertise, we will possess a market leading end-to-end capability with outstanding long-term growth prospects."

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