Teledyne to acquire Varex Imaging in $1.1B cash deal; VREX shares soar 47%

Teledyne Technologies has agreed to acquire Varex Imaging in an all-cash deal valued at about $1.1 billion, paying $18.90 per share. The announcement drove Varex shares up 47% in premarket trading, reflecting a sharp takeover premium and likely near-term upside for VREX holders. For Teledyne, the transaction suggests a strategic expansion in imaging and related technology, though the article does not provide deal financing or integration details. Market reaction centers on the acquisition premium and the potential for further M&A activity in the sector.