Teledyne to Acquire Varex Imaging in Major Imaging Tech Deal
TDY sits 43% above its 52-week low of $483.02.
Summary
Teledyne is acquiring Varex Imaging, a leading X-ray imaging components maker, for $18.90 per share in cash, with an aggregate transaction value of approximately $1.1 billion. The deal expands Teledyne's digital imaging portfolio and adds a complementary business with strong healthcare and industrial end markets. This follows Teledyne's record Q2 2026 results and raised guidance, signaling continued M&A-driven growth. Varex Imaging reported a rise in Q3 revenue. The move reinforces Teledyne's strategy of bolt-on acquisitions in high-tech instrumentation.
At the time of this announcement, TDY was trading at $691.30 on NYSE in the Technology sector, with a market capitalization of approximately $32B. The 52-week trading range was $483.02 to $694.92. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.