January 04, 2021 | Technology | North America | Active

FLIR Systems / Teledyne Technologies: New Deal Insights


US industrial sensor giant, Teledyne Technologies, has agreed to acquire smaller rival, FLIR, an Oregon-based company that makes thermal imaging and night vision technology. The cash and stock deal values the target at $8.0bn and based on FLIR’s last undisturbed date of 31-Dec-20, shareholders were offered total consideration of $56.14 per share at announcement, representing a one-day premium of 28%. The merger is subject to both FLIR and Teledyne shareholder approvals and applicable antitrust clearances, including HSR approval. Deal risks assessed in this research report: Timing bottlenecks stemming from China's SAMR or US antitrust; significant US government contracts could require remedies.



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