Business Context and Reporting Period
Company: TTM Technologies, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 2, 2006
Event: Entry into a Material Definitive Agreement.
Key Financial Metrics
This filing reports a specific transaction rather than periodic financial performance. Consequently, standard metrics such as revenue, profit, cash flow, margins, and debt levels are not provided in this document.
- Transaction Value: $225.6 million in cash.
- Target: Printed Circuit Group business unit of Tyco International Ltd.
- Payment Terms: Subject to adjustment based on working capital and cash levels.
Material Changes
The primary material change is the agreement to acquire the Printed Circuit Group business unit. This represents a significant expansion of the company's operations pending closing.
Outlook, Risks, and Contingencies
- Closing Conditions: The transaction is subject to customary closing conditions and regulatory approvals.
- Timeline: Expected to close in the fall of 2006.
- Contingencies: The final purchase price is contingent upon working capital and cash levels at closing.
Investor Verification Checklist
- Verify the status of regulatory approvals required for the acquisition.
- Monitor the final purchase price adjustment based on working capital and cash levels.
- Confirm the actual closing date in the fall of 2006.
- Review the press release (Exhibit 99.1) for additional strategic details regarding the integration of the Printed Circuit Group.