Micropac Industries ( (MPAD) ) has issued an announcement.
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Teledyne Technologies is set to acquire Micropac Industries in an all-cash deal valued at approximately $57.3 million, with each Micropac share priced at $20. This strategic merger, expected to close by the end of 2024, aims to expand Teledyne’s reach in the defense, space, and healthcare sectors. Both companies serve common clients, and Micropac will maintain its brand and operations in Texas. This transaction highlights the growing trend of consolidation in the tech and defense industries.
See more insights into MPAD stock on TipRanks’ Stock Analysis page.
