Deal Snapshot
Teledyne Closes USD 8.2bn Acquisition of FLIR
Monday 17 May 2021

US-based electronics components manufacturer Teledyne Technologies Inc. (NYSE: TDY) has closed the acquisition of US-based technology company FLIR Systems, Inc. (NASDAQ: FLIR), the company said.

In January, Teledyne agreed to acquire FLIR in a transaction valued at approximately USD 8bn. Under the terms of the agreement, FLIR stockholders received USD 28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of approximately USD 57.40 per FLIR share based on Teledyne's closing price on May 13, 2021.

Date Published: 17/05/2021