Teledyne agreed to buy Varex at a big premium.
Teledyne to acquire Varex Imaging in a $1.1B all-cash deal at $18.90/share, expanding its medical and industrial X-ray portfolio.
Teledyne to Acquire Varex Imaging Corporation
Buying Varex will increase Teledyne’s exposure to the healthcare market. Teledyne said the companies’ imaging technologies complement each other with minimal overlap.