Teledyne Agrees to Acquire Varex Imaging for $1.1 Billion

3-line summary

• Teledyne Technologies entered a definitive agreement to acquire Varex Imaging in a cash deal valued at nearly $1.1 billion, paying $18.90 per share.
• Varex, which supplies X-ray sources and imaging software used in medical diagnostic imaging, employs about 2,400 people; the deal was unanimously approved by both companies' boards and is targeted to close in early 2027.

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