Key Tronic to Buy Ayrshire

摘要

Spokane valley, wa - Key Tronic in July signed a letter of intent to acquire CDR Manufacturing, Inc. (Ayrshire Electronics) for $46.9 million in cash. The letter of intent includes a 75-day exclusivity period for completion of due diligence and negotiation of the definitive agreement. The acquisition, if consummated, is expected to be immediately accretive to earnings, and to be completed during the September quarter.