Did DoD, State Faceoff on TTM Deal?

There is a rumor — and I strongly emphasize “rumor” — going around that claims the US Department of Defense sent a strongly worded letter to the State Department in opposition to the TTM’s pending acquisition of Meadville Group’s printed circuit board operations.

All of which makes yesterday’s news that the Committee on Foreign Investment in the US has no objection to the deal that much more interesting. The CFIUS is an interagency group whose members include Treasury, State, Defense, Homeland Security and other agencies.

I have contacts within the DoD acquisitions office. I’m trying to find out more on this. Stay tuned.