Teledyne to Acquire Micropac
Teledyne Technologies Incorporated (TDY)
Last teledyne technologies incorporated earnings: 4/22 06:55 am
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US:NYSE Investor Relations:
teledyne.com/news/news.asp
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Source: Business Wire
THOUSAND OAKS, Calif. and GARLAND, Texas--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”) and Micropac Industries, Inc. (OTC:MPAD) (“Micropac”) jointly announced today that they have entered into a definitive merger agreement that provides for the merger of Micropac with a wholly-owned subsidiary of Teledyne. Pursuant to the terms of the merger agreement, Teledyne will acquire all of the issued and outstanding common shares of Micropac for $20.00 per share payable in cash, without interest and subject to required withholding taxes. The all-cash transaction values Micropac at approximately $57.3 million, taking into account Micropac’s net debt as of August 24, 2024.The transaction was unanimously approved by the Boards of Directors of Teledyne and Micropac, acting upon the recommendation of a special committee established by Micropac’s Board and comprised of independent directors. Stockholders of Micropac holding approximately 75% of the outstanding shar
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TDY
Earnings
- 10/23/24 - Beat
TDY
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form 144
- TDY's page on the SEC website