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0 0 -0.0496607509890161 -0.0496607509890161 -0.0496607509890161 -2.51258288332079E-16 -2.51258288332079E-16 0.0120670983711624
Stock impact report

Teledyne to Acquire Micropac

Teledyne Technologies Incorporated (TDY) 
Last teledyne technologies incorporated earnings: 4/22 06:55 am Check Earnings Report
US:NYSE Investor Relations: teledyne.com/news/news.asp
Company Research 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 Show less Read more
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