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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.
