DDi Corp. (NASDAQ:DDIC), the Anaheim, Calif., provider of engineering services for printed-circuit boards, definitively decided to be purchased by Viasystems Group, Inc. (NASDAQ:VIAS) for $13 per share.
In a Wednesday declaration, the firms valued the agreement at $268 million, net of DDi’s cash and the debt that Viasystems will assume.
The agreement price is 6% greater than DDi’s closing price at $12.26 on Wednesday and it’s 20% more than the volume-weighted-average closing price over the previous quarter.
DDi and Viasystems stated that the boards of both firms have authorized the terms, and Viasystems has arranged financing for the transaction.
DDi’s board and managers have decided to vote some 23% of the firm for the agreement. Subject to conditions counting regulatory clearances and a vote of DDi holders, the agreement should settle late in the Q2 or early in the Q3, they added.
DDi Corp. (NASDAQ:DDIC) stock reports on April 03, 2012 decreased -0.41% to the closing price of $12.26. Its fifty two week range was $6.66-$12.63. The total market capitalization remained $251.03 million.
The overall volume in the last trading session was 37,600 shares. In its share capital DDIC has 20.48 million outstanding shares among them 16.33 million shares have been floated in market exchange. DDIC stock institutional ownership remained 66.46% while insider ownership included 0.72%.
DDIC is ahead its 52 week low with 90.79% and going behind from its 52 week high price with -2.93%. DDIC last month stock price volatility remained 2.35%. The stock price of DDIC is moving forward from its 20 days moving average with 2.24% and remote positively from 50 days moving average with 12.48%.
DDIC current year earnings per share experienced an addition with 3.29% while its current quarter performance remained 31.26%. Company’s beta coefficient included 1.15. Beta factors measures the amount of market risk associated with market trade.