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Teledyne Technologies (TDY) Reports Acquisition of Gas and Flame Detection Business from 3M Co. (MMM) for $230M

June 5, 2019 5:52 AM EDT

Teledyne Technologies Incorporated (NYSE: TDY) (Teledyne) announced today that it has submitted a binding offer for Teledyne to acquire the gas and flame detection business of 3M (NYSE: MMM) for $230 million in cash. The gas and flame detection business includes Oldham, Simtronics, Gas Measurement Instruments (GMI), Detcon and select Scott... More