DDi. Corp. signed a definitive merger agreement to acquire the outstanding stock of Sovereign Circuits Inc. for approximately $14.8 million.
DDi. Corp. signed a definitive merger agreement to acquire the
outstanding stock of Sovereign Circuits Inc. for approximately ap·prox·i·mate
adj.
1. Almost exact or correct: the approximate time of the accident.
2. $14.8
million, expected to be paid with a combination of cash (not to exceed
$5.7 million) and shares of DDi common stock valued at $8.06 per share.
DDi also announced their intent to sell their assembly business to
Veritek Manufacturing Services LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , for approximately $12 million in
cash, in a move to divest To deprive or take away.
Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. the non-core business operation.
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