{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-424707","form_type":"8-K","ticker":"TTMI","cik":"0001116942","company_name":"TTM TECHNOLOGIES INC","filed_at":"2026-10-19T12:16:06+00:00","discovered_at":"2026-10-19T12:20:00.334293+00:00","generated_at":"2026-10-19T12:20:12.385526+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"TTM to buy MKS's Ophir Optics for $650M cash at ~10.3x FY27 EBITDA, accretive to EPS","bullets":["All-cash $650M deal for Ophir Optics, an Israel- and Romania-based maker of high-precision infrared thermal imaging and laser optics for defense, security and industrial uses.","Purchase multiple ~10.3x Ophir's expected FY2027 Adjusted EBITDA without synergies; TTM expects immediate accretion to Adjusted EBITDA margin and non-GAAP diluted EPS.","Expected to close in Q2 2027, subject to customary closing conditions including certain regulatory approvals and governmental consents and permits.","Funding from cash on hand, expected future cash flow and TTM's existing revolving credit facility, alongside its previously announced $400M Asia capacity expansion.","Deal excludes MKS's Ophir Instruments laser characterization business and the Ophir brand; Citi is TTM's exclusive financial advisor, with Polsinelli and Arnon Tadmor-Levy as co-legal advisers."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-424707","json":"https://secwatch.observer/filing/0001193125-26-424707.json","markdown":"https://secwatch.observer/filing/0001193125-26-424707.md","text":"https://secwatch.observer/filing/0001193125-26-424707.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1116942/000119312526424707/0001193125-26-424707-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1116942/000119312526424707/d187690d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-19T12:20:12.385526+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}