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Teledyne Acquiring LeCroy

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THOUSAND OAKS, Calif., and CHESTNUT RIDGE, N.Y., June 4, 2012 — Teledyne Technologies Inc. and LeCroy Corp. have jointly announced their entrance into a definitive agreement stating that a wholly owned subsidiary of Teledyne will acquire all outstanding common shares of LeCroy for $14.30 per share, payable in cash. The transaction’s aggregate value, which takes into account the company’s stock options, stock appreciation rights and net debt as of March 31, 2012, is approximately $291 million. The transaction was unanimously approved by both companies’ board of directors. “LeCroy will broaden our portfolio of analytical...Read full article

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    Published: June 2012
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    AmericasBusinessCaliforniacompany acquisitiondefensedigital imagingLeCroy Corp.New YorkoscilloscopesphotonicsRobert Mehrabiansignal integrity test solutionsTeledyne Scientific Co.Teledyne Technologies Inc.Test & Measurement

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