secwatch.observer — SEC 8-K summary
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Issuer:     TTM TECHNOLOGIES INC (TTMI)
CIK:        0001116942
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001193125-23-066103
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TTM sells Shanghai Backplane Assembly for ~$11.8M; exits commercial backplane business
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- Sale price of ~$11.8M to DBG Holdings Limited (DBG Technology), expected close near end of Q1 2023.
- Shanghai BPA generated $44.7M revenue and immaterial operating income in 2022.
- TTM will exit commercial backplane assembly, focusing on Aerospace & Defense and other differentiated markets.
- Buyer DBG is commercially committed with existing customer relationships.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116942/000119312523066103/0001193125-23-066103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116942/000119312523066103/d435217d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-066103

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