TTM Technologies to Acquire MKS Ophir Optics Unit for About $650 Million
TTM Technologies agreed to acquire MKS Inc.'s Ophir Optics unit for approximately $650 million. Its shares were up 4.3% in morning trading, supported by retreating Treasury yields and broad technology dip-buying.
TTM Technologies shares rose 4.3% in morning trading as Treasury yields retreated and investors bought technology stocks. The move followed the company’s agreement to acquire MKS Inc.’s Ophir Optics unit for about 650 million.