Form 8-K · Current report
Teledyne Technologies 8-K, filed Aug 10, 2026
- Filed
- CIK
- 0001094285
- Accession no.
- 0001094285-26-000047
Summary
Teledyne Technologies agreed to acquire Varex Imaging in an all-cash transaction at $18.90 per share, an aggregate value of approximately $1.1 billion including Varex's equity awards and net debt, under a definitive merger agreement unanimously approved by both boards. The acquisition is expected to close in early 2027, subject to regulatory approvals and approval by Varex stockholders.
Key points
- Teledyne Executive Chairman Robert Mehrabian said the two companies serve similar customers with related technologies but have minimally overlapping products, citing Varex's detectors for high-radiation environments and its advanced photon counting detectors.
- Varex President and CEO Sunny Sanyal said the transaction provides a substantial premium to Varex shareholders and opportunities for customers and employees.
- Varex will file a proxy statement with the SEC for a special meeting of stockholders to adopt the merger agreement.
- Evercore is financial advisor and Orrick, Herrington & Sutcliffe is legal counsel to Varex; Latham & Watkins and McGuireWoods are legal counsel to Teledyne.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 7.01 Regulation FD Disclosure. On August 10, 2026, Teledyne Technologies Incorporated (the “Company”) and Varex Imaging Corporation, a Delaware corporation (“Varex”), issued a joint press release (the “Press Release”) announcing that the Company, Detect Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company, and Varex have executed a definitive merger agreement (the “Merger Agreement”) pursuant to which the Company agreed to acquire Varex in an all-cash transaction on the terms and subject to the conditions set forth in the Merger Agreement. A copy of the Press Release is attached to this report as Exhibit 99.1 and is incorporated herein by reference. …
An excerpt of the text as filed with the SEC, cut for length.
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