Varex jumps as Teledyne to buy X-ray imaging maker in $1.1 billion deal
VREX•Teledyne to acquire Varex in cash deal
- Shares of Varex Imaging Corp. VREX.O soar 47% to $18.25 premarket.
- The medical imaging maker says Teledyne Technologies will acquire it for $18.90/share in cash.
- Deal valued at about $1.1 billion, including debt and equity awards, the companies say.
- Varex makes X-ray tubes, digital detectors and imaging software used in medical scans, industrial inspection and security systems.
- Teledyne said Varex's products complement its imaging and healthcare technology portfolio with minimal overlap.
- Companies expect the transaction to close in early 2027, subject to regulatory and shareholder approvals.
- As of last close, stock up ~7% YTD.
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