WASHINGTON (dpa-AFX) - Teledyne Technologies (TDY) and Micropac Industries have entered into a definitive merger agreement that provides for the merger of Micropac with a subsidiary of Teledyne. Teledyne will acquire all of the issued and outstanding common shares of Micropac for $20.00 per share payable in cash. The all-cash deal values Micropac at approximately $57.3 million.
Micropac designs and manufactures microelectronic circuits, optoelectronic components, and sensor and display assemblies, primarily for military, aerospace, and medical applications.
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