Home / Business and Economy / Teledyne Buys Varex Imaging for $1.1 Billion
Teledyne Buys Varex Imaging for $1.1 Billion
10 Aug
Summary
- Teledyne Technologies is acquiring Varex Imaging.
- The all-cash deal is valued at approximately $1.1 billion.
- Teledyne will pay $18.90 per share for Varex Imaging.
Teledyne Technologies has announced its agreement to acquire Varex Imaging in an all-cash transaction. This significant deal is valued at approximately $1.1 billion.
Under the terms of the agreement, Teledyne will pay $18.90 per share for Varex Imaging, a prominent maker of medical imaging components. The acquisition is set to enhance Teledyne's position in the sensing-systems market.
This strategic move will bolster Teledyne's offerings in the medical imaging sector, combining the strengths of both companies. Further details regarding the integration process are anticipated following the completion of the transaction.
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