Teledyne To Acquire Varex Imaging At $18.90 Per Share Cash In Deal Valued At ~$1.1B
Teledyne Technologies Incorporated (NYSE:TDY) ("Teledyne") and Varex Imaging Corporation (NASDAQ:VREX) ("Varex") jointly announced today that they have entered into a definitive agreement under which
Teledyne is buying another company called Varex for about $1.1 billion, paying $18.90 for each share. This shows Teledyne thinks Varex's business is worth having, and when big companies buy smaller ones, it can mean they see good opportunities ahead.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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