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via finance.yahoo.comBusiness & Companies

TTM Technologies (TTMI) up 4.3% after agreeing to buy Ophir Optics for $650 million

FROM THE WIRE · FINANCE.YAHOO.COM

Why TTM Technologies (TTMI) Stock Is Trading Up Today What Happened? Shares of PCB manufacturing company TTM Technologies (NASDAQ:TTMI) jumped 4.3% in the morning session after retreating Treasury yields and broad technology dip-buying supported equities, with the company…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA $650 million all-cash acquisition with immediate accretion supports the stock alongside the Nasdaq rebound.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01TTM will acquire MKS's Ophir Optics unit for about $650 million in cash.
  2. 02The deal will be funded with cash on hand, anticipated cash flows and credit facility borrowings.
  3. 03The transaction is scheduled to close in the second quarter of 2027.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
TTM Technologies, Inc.TTMIStock99.10 USDMarket closedtoday +5.56%Positive MKS Inc.MKSIStock215.41 USDMarket closedtoday +0.27%Neutral NASDAQ CompositeINDEX:IXICIndex26,430.89Market closedtoday +1.11%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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