Teledyne Technologies (TDY) Completes Acquisition of Micropac
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Teledyne Completes Acquisition of Micropac
December 30, 2024 4:05 PM ESTTHOUSAND OAKS, Calif. & GARLAND, Texas--(BUSINESS WIRE)-- Teledyne Technologies Incorporated (NYSE: TDY) (Teledyne) and Micropac Industries, Inc. (OTC: MPAD) (Micropac) jointly announced today the successful completion of the previously announced merger of Micropac with a wholly-owned subsidiary of Teledyne.
Under the terms of the merger agreement, Micropac stockholders received $20.00 per share in cash without interest and subject to required withholding taxes. The all-cash transaction valued Micropac at approximately $57.3 million, taking into account Micropacs net debt as of August 24, 2024.
Micropac, founded in 1963, designs and manufactures microelectronic... More
