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TTM Technologies Inc (TTMI.OQ)

TTMI.OQ on NASDAQ Stock Exchange Global Select Market

15.32USD
11 Dec 2017
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$-0.29 (-1.86%)
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Latest Key Developments (Source: Significant Developments)

TTM To Pay A Fee To Anaren If Purchase Agreement Is Terminated
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Ttm Technologies Inc ::TTM TECHNOLOGIES SAYS ‍IF ANAREN PURCHASE AGREEMENT TERMINATED UNDER CERTAIN CIRCUMSTANCES, CO MAY HAVE TO PAY TO ANAREN FEE OF $31.0 MILLION - SEC FILING.  Full Article

TTM Technologies to acquire Anaren for about $775 mln
Monday, 4 Dec 2017 

Dec 3 (Reuters) - TTM Technologies Inc ::TTM TECHNOLOGIES, INC. TO ACQUIRE ANAREN, INC..‍AGREED TO ACQUIRE ANAREN, INC. FOR APPROXIMATELY $775 MILLION IN CASH FROM AFFILIATES OF VERITAS CAPITAL​.‍ANAREN WILL BE PURCHASED IN DEBT FREE, CASH FREE TRANSACTION FOR $775 MILLION IN CASH, SUBJECT TO WORKING CAPITAL ADJUSTMENTS AT CLOSING​.‍IN 12 MONTHS ENDED SEPT 30, 2017, COMBINED CO WOULD HAVE GENERATED PRO FORMA REVENUE OF $2.8 BILLION; PRO-FORMA ADJUSTED EBITDA OF $450 MILLION​.‍EXPECTS TO FINANCE PURCHASE WITH A $700 MILLION ADD ON TO ITS EXISTING TERM LOAN B AND CASH ON HAND​.‍TTM HAS RECEIVED A FULLY-UNDERWRITTEN COMMITMENT FROM BARCLAYS TO FINANCE TRANSACTION​.‍DEAL ACCRETIVE TO NON-GAAP OPERATING MARGINS, ADJUSTED EBITDA MARGINS, NON-GAAP EPS AND FREE CASH FLOW​.IDENTIFIED $15 MILLION IN PRE-TAX, RUN RATE, COST SYNERGIES WHICH ARE EXPECTED TO BE REALIZED WITHIN FIRST TWO YEARS AFTER CLOSING​.‍TRANSACTION IS EXPECTED TO BE ACCRETIVE TO NON-GAAP EARNINGS​.‍BARCLAYS ACTED AS FINANCIAL ADVISOR FOR TTM, AND HOULIHAN LOKEY AND EVERCORE ACTED AS FINANCIAL ADVISORS FOR ANAREN​.  Full Article

TTM Technologies Q3 non-GAAP earnings per share $0.32
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - TTM Technologies Inc ::TTM Technologies, Inc. Reports fiscal third quarter 2017 results.Q3 non-gaap earnings per share $0.32.Q3 gaap earnings per share $0.19.Q3 sales $666.8 million versus i/b/e/s view $654.4 million.Sees q4 2017 non-gaap earnings per share $0.49 to $0.55.Sees q4 2017 revenue $700 million to $750 million.Q3 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.  Full Article

TTM announces pricing of $375 million of its 5.625 pct senior notes
Friday, 15 Sep 2017 

Sept 15 (Reuters) - TTM Technologies Inc :TTM announces pricing of $375 million of its 5.625 pct senior notes due 2025.  Full Article

TTM Technologies entered into a first amendment to amend and restate term loan credit agreement
Tuesday, 27 Sep 2016 

Ttm Technologies Inc : Registrant entered into a first amendment to amend and restate term loan credit agreement dated May 31, 2015 . Says amendment reduces amount outstanding under TLB agreement to $775 million, among other things - SEC filing . TLB agreement was amended to reduce applicable margin for eurodollar loans to 4.25% and applicable margin for ABR loans to 3.25% . Says ABL credit agreement was amended to increase amount available under ABL agreement to $200 million, among other things . TLB agreement was amended to permit registrant to sell up to $30 million of accounts receivable . Also entered into a first amendment to amend and restate ABL credit agreement dated May 31, 2015 .ABL agreement was amended to reduce applicable margins by 0.25% for both eurodollar loans and ABR loans.  Full Article

TTM Technologies says Q2 GAAP earnings per share $0.17
Wednesday, 27 Jul 2016 

TTM Technologies Inc : Ttm technologies, inc. Reports second quarter 2016 results . Q2 non-gaap earnings per share $0.28 . Q2 gaap earnings per share $0.17 . Q2 sales $601.8 million versus i/b/e/s view $601.5 million . Q2 earnings per share view $0.18 -- Thomson Reuters I/B/E/S . Sees q3 2016 revenue $620 million to $660 million . Q3 revenue view $652.9 million -- Thomson Reuters I/B/E/S . Sees q3 non-gaap net income to be in range of $0.29 to $0.35 per diluted share .Q3 earnings per share view $0.26 -- Thomson Reuters I/B/E/S.  Full Article

TTM Technologies Inc - Fire at TTM technologies' Anaheim facility
Monday, 8 Feb 2016 

TTM Technologies Inc:Fire at TTM technologies' Anaheim facility results in minor damage.Says no injuries resulted from the fire and only minor damage to the facility was incurred.Says there was no damage to any of the facility's production equipment.Says fire was quickly extinguished with the assistance of the local fire department.Says expects to resume full production within one to two weeks.Says company does not expect this event to have a material impact on the financial results of the first quarter.Says Anaheim, ca facility experienced a fire on Saturday afternoon, February 6th.  Full Article

MOVES-Houlihan Lokey government services bankers decamp for Baird

WASHINGTON, Dec 6 Two senior investment bankers specializing in government services, aerospace and defense are departing boutique investment bank Houlihan Lokey Inc for competitor Robert W. Baird, three people familiar with the moves said on Wednesday.