TDY

Teledyne To Acquire Micropac - Quick Facts

(RTTNews) - Teledyne Technologies (TDY) and Micropac Industries have entered into a definitive merger agreement that provides for the merger of Micropac with a subsidiary of Teledyne. Teledyne will acquire all of the issued and outstanding common shares of Micropac for $20.00 per share payable in cash. The all-cash deal values Micropac at approximately $57.3 million.

Micropac designs and manufactures microelectronic circuits, optoelectronic components, and sensor and display assemblies, primarily for military, aerospace, and medical applications.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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