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Stock Market & Financial Investment News

News Breaks
February 1, 2013
16:17 EDTTTMITTM Technologies signs letter of intent for SYE and DMC plants
TTM Technologies announced that it has signed a letter of intent with its minority partner, Shengyi Technology Co. Ltd., to dispose of TTM's 70.2% equity interest in the SYE plant and to acquire Sytech's 20% equity interest in the DMC plant. Both the SYE and DMC plants manufacture conventional PCBs and are located in Dongguan, China. Subject to conclusion of a formal sale and purchase agreement between the parties, the transaction is expected to close by the end of the second quarter of 2013. A condition for closing is that the parties value all of SYE at 1B RMB (about $161M) and all of DMC at 900M RMB (about $145M).
News For TTMI From The Last 14 Days
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May 20, 2015
09:14 EDTTTMITTM Technologies' Viasystems acquisition cleared by FTC
The investigation of TTM Technologies' (TTMI) proposed acquisition of Viasystems (VIAS) by the Federal Trade Commission has been closed and the parties are free to complete the transaction. TTM intends to close the transaction on or about May 31.

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