The X Ray Vision of Corporate Consolidation The recent acquisition of Varex Imaging by Teledyne Technologies has sent shockwaves through the industry, with VREX stock soaring 48% in a single day.
On closer inspection, this deal appears to be a strategic business move that reveals a larger trend unfolding beneath our noses. The Anatomy of a Deal At $1.
1 billion, the price tag for Varex Imaging seems steep at first glance. However, Teledyne's reputation as a master consolidator in the aerospace and defense sectors makes this acquisition logical.