Brief: Ttm Technologies, Inc. To Acquire Telephonics Corporation

Griffon

18/04/2022 21:38

April 18 (Reuters) - TTM Technologies Inc  TTMI.O :
    * TTM TECHNOLOGIES, INC. TO ACQUIRE TELEPHONICS CORPORATION
    * TTM TECHNOLOGIES INC - TRANSACTION EXPECTED TO BE
IMMEDIATELY
ACCRETIVE TO NON-GAAP EPS
    * TTM TECHNOLOGIES INC - TTM HAS IDENTIFIED APPROXIMATELY
$12
MILLION IN PRE-TAX, RUN RATE, COST SYNERGIES WHICH ARE EXPECTED
TO BE REALIZED BY END OF 2024
    * TTM TECHNOLOGIES INC - TTM EXPECTS TO FINANCE PURCHASE
WITH CASH
ON HAND
    * TTM TECHNOLOGIES INC - DEAL FOR 330 MILLION IN CASH
    * TTM TECHNOLOGIES - BELIEVES SIGNIFICANT ADDITIONAL REVENUE
AND
COST SYNERGIES WILL RESULT FROM OTHER INTEGRATION EFFORTS OVER A
LONGER PERIOD OF TIME

Source text for Eikon:  ID:nGNX8zQkRl 
Further company coverage:  TTMI.O 

 ((Reuters.Briefs@thomsonreuters.com;))