M&A
confidence high
sentiment positive
materiality 0.85
Teledyne completes $7.9B acquisition of FLIR; pro forma Q1 revenue $1.27B
TELEDYNE TECHNOLOGIES INC
- Each FLIR share exchanged for $28 cash + 0.0718 TDY shares; total consideration ~$7.9B.
- Pro forma Q1 2021 net sales $1,273M, net income $89M, diluted EPS $1.87.
- Teledyne incurred $39M transaction costs, FLIR incurred $11.3M in Q1.
- Pro forma goodwill $7.45B, intangible assets $2.8B; long-term debt $4.72B.