Mergers & Acquisitions ·
Varex Imaging Corporation entered into a definitive Agreement and Plan of Merger with Teledyne Technologies…
VREXVarex Imaging Corp
Varex Imaging Corporation entered into a definitive Agreement and Plan of Merger with Teledyne Technologies Incorporated to be acquired in an all-cash transaction valued at approximately $1.1 billion. Under the terms, Varex shareholders will receive $18.90 per share upon closing, which is expected in early 2027 subject to stockholder approval and regulatory clearances including Hart-Scott-Rodino expiration. The Board unanimously recommended adoption of the agreement. Outstanding equity awards, including options, RSUs, and performance units for named executives Sunny S. Sanyal, Shubham Maheshwari, Andrew J. Hartmann, and Mark S. Jonaitis, will accelerate and convert to cash based on the merger consideration. Varex Imaging Corporation is a leading innovator, designer, and manufacturer of X-ray imaging components such as tubes, digital detectors, and image processing solutions.