Varex Stockholders Approve $18.90/Share Teledyne Merger
VREX has more than doubled off its 52-week low of $9.09.
Summary
Varex stockholders adopted the $18.90-per-share all-cash merger with Teledyne by an overwhelming margin at the October 28 special meeting, leaving only regulatory approvals and customary closing conditions.
Key Events · M&A and Partnerships · VREX
-
Merger Agreement Adopted
Stockholders voted 32,425,422 for, 30,031 against and 77,671 abstaining to adopt the merger agreement with Teledyne at $18.90 per share in cash.
-
Compensation Proposal Passed
The advisory merger-related executive compensation proposal was approved 25,087,617 to 7,406,846, with 38,661 abstaining.
-
Quorum and Adjournment
32,533,124 shares were present or represented, about 77% of the 42,463,446 shares outstanding on the September 16, 2026 record date; the adjournment proposal was not needed.
-
Remaining Closing Conditions
Closing still requires HSR and foreign merger-control clearances, absence of injunctions, and no Company Material Adverse Effect since the August 10, 2026 signing.
Analysis · VREX · Manufacturing
The shareholder vote was the biggest remaining hurdle short of regulatory clearance, and it passed decisively: 32.4 million shares voted for adoption against just 30,031 against. That clears the path for the $18.90-per-share all-cash deal, which caps the stock near the offer price and leaves the spread to closing dependent on antitrust and foreign merger clearances. The advisory pay package also passed comfortably, so no proxy-driven renegotiation risk surfaced. What remains is regulatory approval and the absence of any Company Material Adverse Effect.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 38.8% of the 970 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.46%. 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 $18.40 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $783.5M. The 52-week trading range was $9.09 to $18.63. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.