Varex Sets October 28 Vote on $18.90/Share Teledyne Buyout
VREX has more than doubled off its 52-week low of $9.09 on light trading volume (0.4× avg).
Summary
Varex Imaging filed its definitive proxy statement for the Teledyne Technologies acquisition, setting a special shareholder meeting for October 28, 2026 to vote on the $18.90 per share all-cash deal.
Key Events · M&A and Partnerships · VREX
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Special Meeting Set for October 28
Shareholders of record as of September 16, 2026 will vote on the merger agreement at a virtual special meeting on October 28, 2026 at 4:30 PM Mountain Time.
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HSR Waiting Period Expires October 16
Varex and Teledyne submitted HSR filings on September 16, 2026; the waiting period expires at 11:59 PM Eastern on October 16 unless extended.
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Evercore Fairness Opinion Included
Evercore's August 9, 2026 opinion that the $18.90 per share consideration is fair from a financial point of view is attached in full as Annex B.
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Regulatory Approvals Pending
The merger requires clearance in Austria, China, Germany, Japan, Saudi Arabia, Ukraine, and under the UK's NSIA, in addition to HSR approval.
Analysis · VREX · Manufacturing
The definitive proxy statement locks in the shareholder vote date for the $1.1 billion all-cash acquisition by Teledyne Technologies. Shareholders of record as of September 16 will vote on October 28, with the deal requiring a majority of outstanding shares. The filing also confirms HSR filings were submitted September 16 with the waiting period expiring October 16, and includes Evercore's fairness opinion supporting the $18.90 per share price. The merger is expected to close in early 2027 pending regulatory approvals in the U.S., Austria, China, Germany, Japan, Saudi Arabia, Ukraine, and the UK.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, VREX was trading at $18.47 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $778.5M. The 52-week trading range was $9.09 to $18.63. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.