Teledyne Technologies Incorporated and FLIR Systems Inc. announced that Teledyne will acquire FLIR in a cash and stock transaction valued at approximately $8 billion.
Under the terms of the agreement, FLIR stockholders will receive $28 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, with a total purchase price of $56.00 per FLIR share based on Teledyne’s 5-day volume weighted average price as of Dec. 31, 2020.