Short take: Multilayer shells out for IBM circuit boards

In a $47 million dollar deal, Multilayer Technology, a subsidiary of the DII Group, announced it would acquire IBM's circuit board production facility in Austin, Texas. Multilayer said the acquisition should have no bearing on analysts' per-share earnings estimates of $1.54 per share for the second half of 1997.

Aug. 5, 1997 3:40 p.m. PT

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In a $47 million dollar deal, Multilayer Technology, a subsidiary of the , announced it would acquire IBM's circuit board production facility in Austin, Texas. Multilayer said the acquisition should have no bearing on analysts' per-share earnings estimates of $1.54 per share for the second half of 1997.