Teledyne Technologies (TDY) has completed the acquisition of thermal imaging camera supplier FLIR Systems (FLIR). Following the aforementioned closure news, the share price of the industrial conglomerate rose 4% in Friday's trading session. Teledyne is a provider of instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The acquisition is central to the company’s goal of beefing up its portfolio of imaging sensor technology. The cash-and-stock deal, which was announced in January this year, was valued at approximately $8.2 billion, including net debt. Per the terms of the agreement, FLIR shareholders received $28 in cash and 0.0718 shares of Teledyne common stock for each share held.
https://www.tipranks.com/news/teledyne-completes-flir-systems-buyout-for-8-2b-shares-pop-4
FLIR Systems (NASDAQ:FLIR)
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