Shots:
- Teledyne Technologies agreed to acquire Varex Imaging for $18.90 per share in cash, valuing the transaction at approximately $1.1B, incl. Varex’s equity awards & net debt
- Varex develops X-ray tubes, flat-panel & photon-counting detectors, high-voltage interconnects & imaging software used across medical imaging, oncology, industrial inspection, security & vehicle inspection
- The acquisition is expected to expand Teledyne’s healthcare & industrial imaging capabilities, particularly in high-radiation oncology applications & advanced photon-counting detectors. The transaction is expected to close in early 2027
Ref: Businesswire | Image: Varex Imaging | Press Release
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