TTM Technologies, Inc. to Sell Four China Manufacturing Plants Comprising its Mobility Business Unit
TTM Technologies, Inc. (TTMI)
Last ttm technologies, inc. earnings: 4/29 04:05 pm
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Source: GlobeNewswire
SANTA ANA, Calif., Jan. 22, 2020 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”) today announced the execution of a definitive agreement under which TTM has agreed to divest its four China manufacturing plants comprising substantially all of the assets of its Mobility business unit as a separate enterprise for $550 million in cash consideration. The sale does not include certain accounts receivable of the divested business, estimated to be $110 million in cash receivable to TTM. The Buyer is AKMMeadville Electronics (Xiamen) Co., Ltd. (“AKMMeadville”), a Chinese consortium consisting of Meizhi Investment (Xiamen) Co., Ltd., Xiamen Semiconductor Investment Group Co., Ltd., AKM Electronics Industrial (Panyu) Ltd. (“AKM”), and Anmei Ventures (Xiamen) Equity Investment Partnership (Limited Partnership) (“Anmei”). The transaction is an important step in advancing TTM’s stated strategy of increasing its focus on growth markets characterized by long product cycles such
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TTMI
Earnings
- 10/30/24 - Beat
TTMI
Sec Filings
- 12/6/24 - Form 4
- 12/5/24 - Form 144
- 12/3/24 - Form 4
- TTMI's page on the SEC website