Varex Imaging faces two shareholder lawsuits over merger disclosures
TDY•TDY•TDY•TDY•Varex Imaging faces two shareholder lawsuits alleging misleading or incomplete disclosures about its proposed acquisition by Teledyne Technologies. The company issued supplemental disclosures without changing the merger consideration, and the shareholder vote remains scheduled for October 28, 2026.
Two shareholder lawsuits filed October 6 and 7 in New York state court accuse Varex Imaging and its directors of misleading or incomplete disclosures about the proposed Teledyne Technologies acquisition. The plaintiffs seek to block the merger until corrective disclosures are made, or to obtain rescission or damages if it closes.
Varex Imaging also received 13 shareholder demand letters alleging similar deficiencies. The company denies wrongdoing and voluntarily issued supplemental disclosures to avoid delays; the merger consideration is unchanged, and the shareholder vote remains scheduled for October 28, 2026.
