TTM Technologies, Inc. to Acquire Remaining Stake in Meadville Aspocomp Holdings Ltd. (TTMI)

TTM Technologies, Inc. TTMI, a major global printed circuit board manufacturer, today announced that it has entered into a letter of intent to acquire the remaining 20 percent interest in Meadville Aspocomp Holdings Ltd. from Finland-based Aspocomp Group Plc for EUR14.5 million. Under this letter of intent, TTM also has agreed to exchange its 10 percent stake in Aspocomp Oulu Oy for approximately 12.3 million shares of Aspocomp to be issued by Aspocomp for this exchange. Oulu is a PCB manufacturer based in Finland. Both the proposed transactions are subject to the signing and completion of definitive agreements.