secwatch.observer — SEC 8-K summary
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Issuer:     TTM TECHNOLOGIES INC (TTMI)
CIK:        0001116942
Form:       8-K
Filed at:   2022-04-18T23:59:59+00:00
Accession:  0001193125-22-108017
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TTM Technologies to acquire Telephonics Corporation for $330 million in cash
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- Purchase price $330M cash for Telephonics from Griffon Corporation; expected close in Q2 2022
- Transaction expected to be immediately accretive to non-GAAP EPS; $12M pre-tax cost synergies by end of 2024
- Financed with cash on hand; TTM had $537.7M cash at end of FY2021
- Aerospace & Defense revenue projected to grow to ~40% of total, or approximately $1 billion
- Addition of RF-based integrated systems engineering talent; deepens relationships with defense customers

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116942/000119312522108017/0001193125-22-108017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116942/000119312522108017/d341751d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-108017

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