TTM TECHNOLOGIES INC [TTMI] - . equity issuance
TTM Technologies Inc. is set to complete an acquisition for a purchase price of $1,100,000,000 in cash, subject to customary adjustments and certain conditions including regulatory approvals.
Why this matters
TTM Technologies Inc., a Delaware-incorporated company operating in the printed circuit board industry, focuses on providing advanced interconnect solutions for sectors such as aerospace and defense. The company has announced a definitive agreement to acquire EPIQ Design Solutions LLC for approximately $1.1 billion in an all-cash transaction, subject to customary closing adjustments and regulatory approvals. This acquisition is part of TTM's strategy to enhance its capabilities in high-priority defense mission areas and expand its addressable market, particularly in missile defense and space applications.