TTM Technologies Gets All Foreign Approvals To Buy Viasystems - Quick Facts

(RTTNews) - TTM Technologies Inc. (TTMI) announced Tuesday that it has received the approvals of the Ministry of Commerce of the People's Republic of China, the Federal Cartel Office of Germany, and the Estonian Competition Authority to proceed with the acquisition of Viasystems Group Inc. (VIAS). These approvals constitute all of the foreign approvals required to consummate the acquisition.

The proposed acquisition remains subject to review by the United States Federal Trade Commission or the "FTC" under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended or the "HSR Act", and approval by the Committee on Foreign Investment in the United States or "CFIUS", as well as other customary closing conditions.

TTM continues to expect the acquisition to close in the first half of 2015.

In September, Viasystems announced that it agreed to be acquired by printed circuit board maker TTM Technologies for an enterprise value of $927 million. As per the definitive agreement, TTM would acquire all outstanding shares of Viasystems for a combined consideration of $11.33 in cash and 0.706 shares of TTM common stock, based on the closing market price on September 19, at $16.46 per Viasystems share, or about $368 million.