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Teledyne Technologies Inc. is acquiring FLIR Systems, Inc. in a cash and stock transaction valued at approximately $8 billion. Teledyne expects the acquisition to be immediately accretive to earnings, excluding transaction costs and intangible asset amortization, and accreditive to GAAP earnings in the first full calendar year following the acquisition.
The transaction is expected to close in the middle of 2021, subject to the receipt of required regulatory approvals, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, approvals of Teledyne and FLIR stockholders, and other customary closing conditions.
Under terms of the agreement, FLIR stockholders will…READ MORE