Viasystems Group (NASDAQ : VIAS) will takeover DDi Corp (NASDAQ : DDIC) for $13 per share in cash.

Both the companies  announced that they have entered into a merger agreement, in which the value of entire transaction is around $282 million, or  $268 million net of DDi’s cash plus debt assumed. As per last year's results, for both the companies, on a proforma basis, the combined operation was around $1,320 million of revenue.

 VIAS anticipates the transaction to be straight away added to Adjusted EPS, even without the outcome of expected cost synergies, which VIAS expects to be around $10 million every year, prior to income tax effects, and realizable within 6 months after closing.

You can read more on Financial and Business Updates from our Experts:- Mergers and Acquisitions

Original Source: Viasystems Group
10/3/2012 22:59:03

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