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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ddi Corp. (MM) | NASDAQ:DDIC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.99 | 0 | 01:00:00 |
DDi Corp. (NASDAQ: DDIC) announced today that its stockholders have approved the adoption of the previously-announced merger agreement by and among DDi, Viasystems Group, Inc. (NASDAQ: VIAS) and Victor Merger Sub Corp. (“Merger Sub”), a wholly-owned subsidiary of Viasystems. Pursuant to the merger agreement, upon completion of the merger of Merger Sub with and into DDi, DDi will become a wholly-owned subsidiary of Viasystems. The merger remains subject to customary closing conditions and is expected to close in the next week.
Mikel Williams, President and Chief Executive Officer of DDi Corp., stated, “We continue to believe that this transaction creates a world class leader in PCB and related electro-mechanical solutions, with a large breadth of technology and manufacturing capabilities to provide customers a complete spectrum of services and technology from quick-turn to high volume PCB manufacturing, and an excellent opportunity for the continued success of DDi employees. We also believe the merger provides significant value to our stockholders and are pleased that our stockholders have given their overwhelming support for the transaction.”
About DDi
DDi is a leading provider of time-critical, technologically-advanced PCB engineering and manufacturing services. The Company specializes in engineering and fabricating complex multi-layer PCBs on a quick-turn basis, with lead times as short as 24 hours primarily in North America. DDi has over 1,000 PCB customers in various end-markets including communications and computing, military and aerospace, industrial electronics, instrumentation, medical and high-durability commercial markets. DDi's engineering capabilities and seven manufacturing facilities located in the United States and Canada enable them to respond to time-critical orders and technology challenges for customers. For additional information about DDi, please visit the company’s website at www.ddiglobal.com.
Forward-Looking Statements:
Certain statements in this communication regarding the proposed transaction between DDi and Viasystems, the expected timetable for completing the transaction, benefits and synergies of the transaction, future opportunities for the combined company and products and any other statements regarding DDi and Viasystems’ future expectations, beliefs, goals, plans or prospects constitute forward-looking statements made within the meaning of Section 21E of the Securities Exchange Act of 1934 (collectively, forward-looking statements). These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “plan,” “project,” “should,” “could” and similar expressions. Factors that may affect those forward-looking statements include, among other things:
We caution you that reliance on any forward-looking statement involves risks and uncertainties and that, although we believe that the assumptions on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions could be incorrect. In light of these and other uncertainties, you should not conclude that we will necessarily achieve any plans and objectives or projected financial results referred to in any of the forward-looking statements. We do not undertake to release the results of any revisions of these forward-looking statements to reflect future events or circumstances. Accordingly, we caution you not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
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