Teledyne Announces $1.1 Billion All-Cash Acquisition of Varex Imaging Corporation

Teledyne Technologies Incorporated has entered into a definitive merger agreement to acquire Varex Imaging Corporation (NASDAQ: VREX) in an all-cash transaction. The acquisition aims to expand Teledyne's presence in medical and industrial imaging with complementary X-ray sources, detectors, and software.

Key Details

• Transaction Value: The aggregate value is approximately $1.1 billion, including Varex's equity awards and net debt.
• Offer Price: Teledyne will acquire all outstanding common shares of Varex for $18.90 per share in cash.
• Expected Closing: The transaction is anticipated to be completed in early 2027, subject to customary closing conditions including Varex stockholder and regulatory approvals.