Telephonics: TTM Strikes $330M Cash Deal for Telephonics in Aerospace & Defense Market Push; Tom Edman Quoted

TTM Technologies (Nasdaq: TTMI) has agreed to buy Telephonics from Griffon (NYSE: GFF) in a cash transaction worth approximately $330 million to expand its offerings and capabilities in the aerospace and defense market. Santa Ana, California-based printed circuit board manufacturer TTM said Monday it expects the transaction to be immediately accretive to non-GAAP earnings per