Teledyne Technologies Incorporated
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TELEDYNE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF TELEDYNE TECHNOLOGIES INCORPORATED IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – TDY
January 4, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Teledyne Technologies Incorporated (NYSE: TDY) and FLIR Systems, Inc. is fair to Teledyne shareholders. Under the terms of the merger agreement, FLIR shareholders will receive $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share. The transaction is subject to approval by Teledyne shareholders.
The investigation concerns whether Teledyne and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Teledyne shareholders; and (2) disclose all material information necessary for Teledyne shareholders to adequately assess and value the merger consideration. On behalf of Teledyne shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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