🔴 Teledyne Technologies is trading 11.23% down in after-hours trading after announcing $1.1 billion Varex Imaging acquisition

Teledyne Technologies is trading 11.23% down at $605.64 after announcing a $1.1 billion all-cash acquisition of Varex Imaging.

• Teledyne agreed to pay $18.90 per Varex share; the transaction is expected to close in early 2027, subject to approvals.
• The deal expands Teledyne’s medical and industrial imaging portfolio.
• Broader markets remain cautious ahead of the August 12 CPI report and amid geopolitical oil-market risks.