• Most Popular
  • Most Shared

UPDATE 1-TTM to buy Meadville printed circuit board business

Mon Nov 16, 2009 4:48am EST

Stocks

   

* TTM to buy Meadville's PCB business for $521 mln

Stocks  |  Mergers & Acquisitions  |  Bonds  |  Technology

* Deal to expand TTM's footprint in Asia

Nov 16 (Reuters) - Electronics manufacturer TTM Technologies Inc (TTMI.O) agreed to buy Hong Kong's Meadville Holdings Limited's (3313.HK) printed circuit board (PCB) business for about $521 million in a cash and stock deal to expand into Asia.

The deal will create one of the world's largest PCB manufacturers, with combined 2008 annual sales of $1.35 billion, TTM said.

The combination is expected to add to earnings without synergies within the first year after closing, the company said.

The transaction is expected to be completed in the first quarter of 2010, it said. (Reporting by Supantha Mukherjee in Bangalore; Editing by Mike Miller)

Stocks
Mergers & Acquisitions
Bonds
Technology


More from Reuters

Photo

Democrats reach deal on health bill

WASHINGTON (Reuters) - Senate Democratic healthcare negotiators said they agreed on Tuesday to replace a government-run insurance option with a scaled-back non-profit plan and would seek cost estimates on the deal.

» More Top News
A pedestrian walks in lower Manhattan in New York, April 16, 2007. REUTERS/Eric Thayer
Analysis:

The boomer meltdown

The number of U.S. workers in their prime savings years peaks in 2010, affecting a key ratio that has impacted equities for 40 years. If history repeats itself, stocks are set for a funk.  Full Article 

Economy
Traders work on the main floor of the BM&F Bovespa stock exchange market in Sao Paulo October 10, 2008.REUTERS/Paulo Whitaker

Betting on emerging markets

There's still an upside in large-cap U.S. stocks, but BlackRock's Bob Doll says emerging markets have two things the developed world does not.  Full Article 

investment outlook summit