TTM files for Public Stock Offering

TTM Technologies, Inc. (Nasdaq: TTMI) announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 7.0 million shares of common stock. Of the 7.0 million shares being offered, 4.5 million shares are being offered by the Company, 2.3 million shares are being offered by affiliates of Thayer Capital Partners and Brockway Moran & Partners and 0.2 million shares are being offered by management. The Company will not receive any of the proceeds from the sale of shares by the selling shareholders. The selling shareholders will also grant the underwriters an option to purchase up to an additional 1.1 million shares to cover over-allotments. Thomas Weisel Partners LLC will be Sole Book- Running Manager of the offering. RBC Capital Markets will be Co-Lead Manager and Needham & Company, Inc. and Wells Fargo Securities, LLC will be Co- Managers of the offering.A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time a registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.A preliminary prospectus relating to the offering may be obtained from either Thomas Weisel Partners LLC at One Montgomery Street, San Francisco, CA 94104 or from RBC Capital Markets at 60 S. Sixth Street, Minneapolis, MN 55402. Source: PCBnewsline