Aug. 10 at 10:59 AM
$TDY $VREX
Teledyne to acquire Varex Imaging for
$18.90 per share in cash, or
$1.1B
Teledyne Technologies (TDY) and Varex Imaging (VREX) jointly announced that they have entered into a definitive agreement under which Teledyne will acquire all of the outstanding common shares of Varex for
$18.90 per share payable in cash. The aggregate value for the transaction is approximately
$1.1B, taking into account Varex's equity awards and net debt as of April 3. The transaction was unanimously approved by the Boards of Directors of Teledyne and Varex. This transaction is anticipated to be completed in early 2027 and is subject to customary closing conditions, including regulatory approvals and Varex's stockholder approval.
