secwatch.observer — SEC 8-K summary
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Issuer:     TTM TECHNOLOGIES INC (TTMI)
CIK:        0001116942
Form:       8-K
Filed at:   2026-10-19T12:16:06+00:00
Accession:  0001193125-26-424707
Event type: m_and_a
Sentiment:  positive
Materiality: 0.78
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

TTM to buy MKS's Ophir Optics for $650M cash at ~10.3x FY27 EBITDA, accretive to EPS
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1116942/000119312526424707/0001193125-26-424707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1116942/000119312526424707/d187690d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-424707

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