Teledyne to Buy Varex for $1.1 Billion, Setting X-Ray Maker’s Valuation at 1.3 Times Revenue

NEW YORK, August 11, 2026, 00:05 EDT – Teledyne Technologies is acquiring Varex Imaging in a deal worth $1.1 billion, valuing the X-ray equipment company at roughly 1.3 times its annual revenue.

11 August 2026

Varex Imaging (NASDAQ:VREX) Rises 48% After Teledyne Bids $18.90 Per Share in Cash

Shares of Varex Imaging Corporation surged 48.3% during premarket trading after Teledyne Technologies Incorporated reached a deal to acquire the X-ray equipment manufacturer. The cash offer stands at $18.90 per share, giving the deal an approximate value of $1.1 billion.

10 August 2026

NASDAQ:VREX·NYSE:TDY·Stock Market

Varex Imaging (NASDAQ:VREX) Rises 48% After Teledyne Bids $18.90 Per Share in Cash

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