TTM Technologies, Inc., through a wholly-owned subsidiary, has entered into a definitive agreement to acquire Epiq Solutions for a purchase price of $1.1 billion in an all-cash transaction. The acquisition, which has been unanimously approved by TTM's board of directors, is subject to customary closing conditions, including regulatory approvals.
Key Details
- Transaction Value: $1.1 billion in cash, subject to customary working capital and other adjustments.
- Financing: The acquisition will be funded through new debt facilities totaling $1.1 billion, comprised of a $300 million term loan A and an $800 million term loan B.
- Agreement Terms: The purchase agreement, dated August 15, 2026, includes a termination fee of $77.0 million payable by TTM if the deal is terminated under certain circumstances, such as the failure to obtain required regulatory approvals.