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High materiality8/10

Teledyne to buy Varex for $1.1B in cash, expanding X-ray imaging capabilities

Aug 10, 2026, 6:57 AM EDT2 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The cash offer at a premium signals value recognition for Varex shareholders and creates a more diverse imaging portfolio for TDY; if the market prices in synergies and regulatory clearance, TDY could trend higher, though near-term liquidity considerations and integration costs could temper gains.

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Teledyne will acquire Varex Imaging for $18.90 per share in cash, valuing the deal at about $1.1 billion. The transaction has unanimous board support and is slated to close in early 2027 pending regulatory and stockholder approvals. By pairing Varex's X-ray tubes and detectors with Teledyne's imaging assets, the deal broadens exposure to healthcare and industrial imaging opportunities and potential synergies.

Teledyne to acquire Varex for $18.90 per share cash; ~ $1.1B.
Boards unanimously approve; closing expected early 2027 subject to approvals.
Varex specializes in X-ray sources/detectors; complements Teledyne's imaging portfolio.
Deal expands healthcare/industrial imaging capabilities with minimal product overlap.

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