Teledyne Tech - TDY STOCK NEWS

Teledyne Technologies (NYSE: TDY) has announced the SEC's effective declaration of the Form S-4 Registration Statement for its acquisition of FLIR Systems (NASDAQ: FLIR). Scheduled special meetings for stockholder approvals will take place on May 13, 2021. Teledyne has received antitrust clearances from regulatory authorities in Poland, South Korea, Germany, Canada, and the U.S. The acquisition's financing, totaling $3 billion in bonds and $1 billion in a term loan, was completed on March 22, 2021. The deal is expected to finalize in Q2 2021, pending approvals from Turkey and China.

Teledyne Technologies Incorporated (NYSE:TDY) has received antitrust clearance for its acquisition of FLIR Systems, Inc. (NASDAQ:FLIR) from Canadian and German regulatory authorities. Antitrust clearance was previously obtained in the U.S. on March 1, 2021. The transaction is expected to close in Q2 2021, pending additional approvals in Poland, Turkey, China, and South Korea. Financing for the acquisition has been secured, totaling $3 billion in investment-grade bonds along with a $1 billion term loan. This acquisition is anticipated to enhance Teledyne's market position and offerings.

Teledyne e2v HiRel has launched two high-power limiter modules: the TDLM052402, a 2 kW device for L/S/C-band, and the TDLM961122, a 1 kW device for ARNS/IFF-band. Both modules feature ultra-fast turn-on, excellent thermal management, and are designed for electronic warfare and radar applications. They operate within a temperature range of -65 °C to 125 °C and are packaged in a compact 8 mm x 5 mm format. Availability for order and shipment is immediate, enhancing Teledyne's RF product line for military applications.

Teledyne Technologies (NYSE:TDY) has completed financing for its upcoming acquisition of FLIR Systems (NASDAQ:FLIR), securing a weighted average borrowing cost below 2%. The company raised $3.0 billion through investment-grade bonds and entered a $1.0 billion Term Loan Credit Agreement. The acquisition is expected to close in Q2 2021, pending regulatory approvals. If the acquisition isn't finalized by December 31, 2021, Teledyne will redeem specific notes at a 101% price. This move is expected to strategically enhance Teledyne's portfolio in instrumentation and aerospace sectors.

Teledyne e2v HiRel Electronics has reintroduced the TD72403L dual port FIFO memory device, compliant with Military MlL-PRF-38535 Class Level B standards. It operates within a temperature range of –55°C to +125°C, making it suitable for high-reliability applications. The TD72403L features 64 x 4 organization, low power consumption (175 mW typical), and a maximum shift frequency of 10 MHz. This device supports various applications, including data buffering and communication protocols. Customers can now order the TD72403L for immediate purchase.

Teledyne CARIS has partnered with Teledyne Marine to enhance marine survey operations with the launch of CARIS Collect, a new software for data acquisition. Released on March 16, 2021, this software integrates seamlessly with the Onboard360 system, automating data logging and processing for real-time quality monitoring. Designed for ease of use across various sonar and lidar systems, CARIS Collect minimizes implementation efforts. It is available as a perpetual or SaaS license, marking it as a cost-effective solution for hydrographic surveys.

Teledyne Controls, a subsidiary of Teledyne Technologies (NYSE:TDY), has received FAA Supplemental Type Certification for its Aircraft Cabin Environment Sensor (ACES™) for Boeing 737 aircraft. This autonomous system monitors cabin air quality, marking it as the first FAA-certified product of its kind. The ACES system utilizes multiple sensors to track 13 environmental parameters, ensuring passenger safety. These records are transmitted to the ACES Cloud Service for analysis, allowing airlines to troubleshoot issues efficiently. Certification for additional aircraft types is underway.

Teledyne Imaging, a segment of Teledyne Technologies (TDY), has launched the new COSMOS™ large-format, back side illuminated (BSI) CMOS cameras aimed at enhancing ground-based astronomical imaging. The cameras leverage proprietary LACera™ sensor technology, offering features such as global shutter, 18-bit readout, and low noise. Available in sensor sizes of 3k x 3k, 6k x 6k, and 8k x 8k, COSMOS achieves over 90% peak quantum efficiency and supports more than 50 fps for dynamic events. This innovation caters to researchers in various astronomical domains, facilitating advanced scientific discoveries.

Teledyne Technologies (NYSE: TDY) announced key financing milestones for its pending acquisition of FLIR Systems (NASDAQ: FLIR). The company priced a $3.0 billion note offering, with various maturities ranging from 2023 to 2031. Additionally, Teledyne secured a $1 billion Term Loan Credit Agreement. Proceeds will fund the cash portion of the FLIR acquisition and refinance existing debt. After clearing the HSR antitrust review on March 1, 2021, the transaction is subject to regulatory approvals and expected to close mid-2021.