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Teledyne Technologies completed its acquisition of Micropac Industries, Inc. for $20.00 per share in cash, valuing Micropac at approximately $57.3 million. Micropac designs and manufactures microelectronic circuits, optoelectronic components, and sensor and display assemblies for military, aerospace, and medical applications.
Teledyne Technologies has entered into a definitive merger agreement to acquire Micropac Industries for $20.00 per share in cash, valuing the company at approximately $57.3 million. The transaction is expected to close by the end of 2024.