Deals
Teledyne Scores Biggest Deal Ever With $7.36 Billion Flir Buyout
- Move is part of Teledyne’s strategy for boosting cash flow
- Accord pushes Flir’s shares to biggest gain since 2001
A FLIR Systems Inc. surveillance camera.
Photographer: SeongJoon Cho/Bloomberg
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Teledyne Technologies Inc. agreed to buy Flir Systems Inc. for $7.36 billion, making its biggest acquisition ever to bolster a lineup of sensors and imaging systems used in aerospace and defense.
Flir’s shares, which tumbled last year, jumped on Monday by the most since 2001.