DDi shareholders approve Viasystems merger
Shareholders of DDi have approved its merger with Viasystems.
Negotiation techniques could have assisted in the combination between Viasystems Group subsidiary Victor Merger Sub and DDi.
Stockholders have approved the merger agreement relating to the tie-up and the deal is forecast to close in the immediate future, subject to the completion of customary closing conditions.
DDi will become one of Viasystems' wholly-owned subsidiaries when the transaction occurs.
Chief executive officer and president of DDi Mikel Williams said the merger should create a "world class leader in PCB and related electro-mechanical solutions".
He stated he is pleased that the stockholders have approved the merger, claiming it is likely to provide them with "significant value".
It offers "an excellent opportunity for the continued success of DDi employees", Mr Williams added.
Viasystems is headquartered in St Louis, Missouri and provides electro-mechanical solutions and multi-layered printed circuit boards to customers.
The firm has international technical support centres and deals with sectors including aerospace, automotives, computer storage and telecommunications.
Posted by Edel Quinn
Source: DDi Press release, May 24th