Teledyne Technologies Incorporated


Company Name:
Teledyne Technologies Incorporated 
Sector:
Industrial & Diversified Growth 
Transaction Type:
Merger/Acquisition/Advisory 
Ticker Symbol:
TDY 
Deal Amount:
$291M
Transaction Date:
8/6/2012 
Transaction Summary:
Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”) and LeCroy Corporation (NASDAQ:LCRY) (“LeCroy”) jointly announced the successful completion of the acquisition of LeCroy by Teledyne. Teledyne acquired all of the outstanding common shares of LeCroy for $14.30 per share payable in cash. The aggregate value for the transaction, excluding transaction costs, was approximately $291 million, taking into account LeCroy’s stock options, stock appreciation rights and net debt as of March 31, 2012. Needham & Company acted as exclusive financial advisor to Teledyne on this transaction.  
Company Description:
Teledyne Technologies (NYSE: TDY) is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledyne Technologies’ operations are primarily located in the United States, Canada, the United Kingdom and Mexico. 
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