secwatch.observer — SEC 8-K summary
======================================

Issuer:     TTM TECHNOLOGIES INC (TTMI)
CIK:        0001116942
Form:       8-K
Filed at:   2022-06-27T23:59:59+00:00
Accession:  0001193125-22-182826
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TTM Technologies completes $330M acquisition of Telephonics from Griffon
------------------------------------------------------------------------

- Acquired Telephonics (intelligence, surveillance, communications solutions) for $330M in cash from Griffon Corp.
- Transaction expected to be immediately accretive to non-GAAP EPS; funded with cash on hand ($519.1M Q1 cash).
- Identified ~$12M in pre-tax run-rate cost synergies, expected by end of 2024; additional revenue synergies anticipated.
- Telephonics founded in 1933; broadens TTM's Aerospace & Defense product offering into higher-level engineered systems.
- No material contribution from Telephonics in Q2 due to late quarter close; more details on Q2 earnings call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116942/000119312522182826/0001193125-22-182826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116942/000119312522182826/d371862d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-182826

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer