Varex set for record jump as Teledyne to buy X-ray imaging maker in $1.1 billion deal

Teledyne Technologies Incorporated

10/08/2026 15:16

Updates
** Shares of Varex Imaging Corp VREX.O soar 48% to $18.25, hitting their highest level since February 2024 and putting the stock on track for its biggest daily jump on record
** The medical imaging maker says Teledyne Technologies will acquire it for $18.90/share in cash
** Deal valued at about $1.1 billion, including debt and equity awards, the companies say
** Varex makes X-ray tubes, digital detectors and imaging software used in medical scans, industrial inspection and security systems
** Teledyne said Varex's products complement its imaging and healthcare technology portfolio with minimal overlap
** Companies expect the transaction to close in early 2027, subject to regulatory and shareholder approvals
** Including sessions move, stock up ~58% YTD
 
  
 

 (Reporting by Sahil Pandey in Bengaluru)
 ((Sahil.Pandey@thomsonreuters.com))