Reuters: Mergers News: Viasystems to buy DDi for $268 mln in cash

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Viasystems to buy DDi for $268 mln in cash Apr 4th 2012, 10:12 April 4 | Wed Apr 4, 2012 6:12am EDT April 4 (Reuters) - Printed circuit boards maker Viasystems Group Inc will acquire smaller rival DDi Corp for about $268 million in cash, to add more products to its portfolio and expand its manufacturing base in North America. "The transaction allows Viasystems, to increase its market share in the technically demanding military and aerospace market and the growing industrial and instrumentation market," the companies said in a statement. The $13.00 per share offer price is a 6 percent premium to DDi's Tuesday close.

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