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Teledyne Clearing Milestones On Way To Closing FLIR Acquisition

Cal Biesecker By
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Teledyne Clearing Milestones On Way To Closing FLIR Acquisition
FLIR's Centaur unmanned ground vehicle. Photo: FLIR.

Teledyne Technologies Inc. [TDY] on Tuesday said it remains on track to close its $8 billion acquisition of FLIR Systems Inc. [FLIR] after clearing a federal antitrust review and achieving financial milestones. The pending transaction cleared the Federal Trade Commission’s Hart-Scott-Rodino review on March 1 but is subject to additional regulatory and shareholder approvals, Teledyne said. The company has also priced an offering of $3 billion in notes and entered into a $1 billion credit agreement. Teledyne plans to used…

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