Teledyne to acquire flir systems

Thousand oaks, calif. & arlington, va.--(business wire)--teledyne technologies incorporated (nyse:tdy) (“teledyne”) and flir systems, inc. (nasdaq:flir) (“flir”) jointly announced today that they have entered into a definitive agreement under which teledyne will acquire flir in a cash and stock transaction valued at approximately $8.0 billion. under the terms of the agreement, flir stockholders will receive $28.00 per share in cash and 0.0718 shares of teledyne common stock for each flir share,
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