Teledyne to Acquire Varex Imaging for $18.90 in Cash Merger
Teledyne and Varex entered a definitive all-cash merger agreement under which Teledyne will acquire Varex for $18.90 per share, valuing the deal at about $1.1 billion including Varex’s net debt and equity awards. Varex employs about 2,400 people across North America, Europe and Asia, and the offer implies a ~52% premium versus the prior trading price.