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Teledyne to Acquire Varex Imaging in $1.1B Cash Deal

Teledyne Technologies logoTeledyne Technologies
Sig3.75Sen+4.09Env0.00Soc+0.49Gov+1.10
Varex Imaging logoVarex Imaging
Sig3.69Sen+3.87Env+0.02Soc+0.55Gov+1.04

Teledyne will acquire Varex by purchasing all common stock for $18.90 per share in cash, integrating Varex’s X-ray tubes, digital detectors, and photon-counting technology into Teledyne’s medical imaging portfolio. Both boards unanimously approved the definitive agreement, which is expected to close in early 2027 pending regulatory approvals and Varex shareholder approval.

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