TTM Technologies Inc. to acquire Hong Kong based PCB company
By Mark Moneymaster
November 16, 2009 10:10 AM
November 16, 2009 10:10 AM
Symbols: TTMI
TTM Technologies Inc (NASDAQ: TTMI) has agreed to buy Hong Kong's Meadville Holdings Limited's printed circuit board (PCB) business for about $521 million in a cash and stock deal to expand into Asia.
The gap up opening with around 7.5% gains on Monday on TTM Technologies Inc. (TTMI) has given a filip to its technical trend on the charts, as the stock has soared above its 50 days and 200 days MA, with high volumes.
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