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Tuesday, January 31, 2023

Why Teledyne (NYSE: TDY) Stock Plunged On Friday?

Shares of Teledyne Technologies Incorporated (NYSE: TDY) has lost -7.05 on Friday’s trading session. Teledyne has decided to hold the virtual investor meetings. The two conferences which are presided by VP Jason VanWees are scheduled to take place in March.

Berenberg Industrial Technologies Conference is scheduled to take place on Tuesday, March 2, 2021, while the BofA Global Research Global Industrials Conference is scheduled to take place on Wednesday, March 17, 2021.

TDY has gained a reputation as a prominent scientific and technical Instruments provider. The firm has also disclosed that it will submit the Registration Statement on Form S-4 with SEC concerning the proposed deal between FLIR and TDY. The Registration Statement will also include the Proxy statement.

TDY and FLIR have requested their shareholders to carefully read the statement related to the deal. Investors will also be able to access the copy of RS through the website of the firm. TDY has earlier proposed to buy sensing firm FLIR for a total of $8 billion. Teledyne’s share plummeted 1.86% at $371.00. The Gross, Profit, and Operating Margin of the TDY is 38.30%, 12.90%, and 15.40%. Teledyne has a total market capitalization of $13.80 billion at the time of writing.

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