Tuesday, May 29, 2012

Reuters: Technology News: Teledyne Technologies to buy LeCroy for $240.5 million

Posted by Isabella on 5:43 AM

Reuters: Technology News
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Teledyne Technologies to buy LeCroy for $240.5 million
May 29th 2012, 11:59

Tue May 29, 2012 7:55am EDT

(Reuters) - Defense equipment manufacturer Teledyne Technologies Inc (TDY.N) said it would buy LeCroy Corp (LCRY.O) for $240.5 million in cash to add more products to its portfolio.

LeCroy shareholders will get $14.30 per share, a premium of over 56 percent on the stock's Friday's close.

For fiscal 2011, LeCroy reported sales of about $178.1 million.

Shares of Teledyne Technologies closed at $59.84 on Friday on the New York Stock Exchange.
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1 comments:

otr214425 said...

otr214425
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September 10, 2014 at 10:54 AM

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