Teledyne to Acquire Varex Imaging in $1.1 Billion All-Cash Deal
-0.15% to $690.25 from $691.30
What moved TDY
- Teledyne Technologies agreed to acquire Varex Imaging in an all-cash deal valued at about $1.1 billion, with Varex shareholders set to receive $18.90 per share, a 52.3% premium to Varex’s last closing price.
- The acquisition combines Teledyne’s digital imaging and vacuum electronics portfolio with Varex’s X-ray tubes and photon-counting detector technology, with the companies citing limited product overlap.
- The deal was unanimously approved by both companies’ boards and is expected to close in early 2027.
Sources: InsideArbitrage · Yahoo Finance