Reuters: Mergers News: Teledyne Technologies to buy LeCroy for $240.5 mln

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Teledyne Technologies to buy LeCroy for $240.5 mln May 29th 2012, 11:48 Tue May 29, 2012 7:48am EDT May 29 (Reuters) - Defense equipment manufacturer Teledyne Technologies Inc said it would buy LeCroy Corp for $240.5 million in cash to add more products to its portfolio. LeCroy shareholders will get $14.30 per share, a premium of over 56 percent on the stock's Friday's close. For fiscal 2011, LeCroy reported sales of about $178.1 million. Shares of Teledyne Technologies closed at $59.84 on Friday on the New York Stock Exchange.

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