VREX stock should trade near the $18.90 deal price with a spread reflecting regulatory and timing risk. Monitor the special meeting proxy statement for voting details and any potential competing bids. The deal is expected to close in early 2027, so the time horizon is months.
Price Chart
Executive Summary
Varex Imaging filed a DEFA14A to communicate to employees its definitive agreement to be acquired by Teledyne Technologies for $18.90 per share in an all-cash transaction valued at approximately $1.1 billion. The deal, unanimously approved by both boards, represents a significant premium and is expected to close in early 2027, subject to stockholder and regulatory approvals.
Key Facts
- Teledyne Technologies to acquire Varex for $18.90 per share in all-cash transaction
- Total transaction value approximately $1.1 billion including assumed equity awards and net debt
- Transaction unanimously approved by both boards
- Expected to close in early 2027, subject to stockholder approval and regulatory clearances
- No financing contingency; Teledyne is a leading digital imaging and aerospace/defense electronics provider
Financial Impact
All-cash acquisition at $18.90 per share, representing a significant premium to VREX's unaffected stock price; total enterprise value ~$1.1B
Risk Factors
- Regulatory approval risk (HSR clearance and other conditions)
- Stockholder approval risk
- Potential competing bids or termination rights
- Integration risk post-close
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001681622-26-000066 |
| Document: 0001681622-26-000066-index-headers.html | 0001681622-26-000066 |
| Document: 0001681622-26-000066-index.html | 0001681622-26-000066 |
| Document: 0001681622-26-000066.txt | 0001681622-26-000066 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $18.47 $18.49 | ▼ −0.11% | ▲ +0.71% | $18.50 (−0.14%) |
Sep 14, 2026 18d ago | 144 | $18.46 $18.47 | ▲ +0.05% | ▼ −1.60% | $18.50 (+0.19%) |
Sep 11, 2026 20d ago | 144 | $18.46 $18.47 | ▼ −0.05% | ▲ +1.60% | $18.50 (−0.19%) |
Aug 10, 2026 7w ago | DEFA14A | $18.58 $18.46 | ▼ −0.65% | ▼ −0.24% | $18.50 (−0.46%) |
Aug 10, 2026 7w ago | DEFA14A | $18.58 $18.46 | ▼ −0.65% | ▼ −0.24% | $18.50 (−0.46%) |
Aug 10, 2026 7w ago | 8-K / DEFA14A | $18.58 $18.46 | ▼ −0.65% | ▼ −0.24% | $18.50 (−0.46%) |
Aug 10, 2026 7w ago | 8-K | $18.46 $18.46 | · 0.00% | ▲ +0.05% | $18.50 (+0.19%) |
Jun 11, 2026 16w ago | Institutional Cluster | $11.04 $10.53 | ▼ −4.62% | ▼ −5.29% | $18.50 (+67.53%) |
US Market Status
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