Teledyne completes Dalsa acquisition
Teledyne Technologies Incorporated has completed the acquisition of all issued and outstanding shares of Dalsa Corporation. The transaction was for CAD $18.25 in cash for each Dalsa share.
The acquisition was completed following the approval of the Ontario Superior Court of Justice (Commercial List) and satisfaction of the various conditions precedent to the joint arrangement.
The aggregate value for the transaction is approximately CAD $337 million, taking into account Dalsa's stock options and net cash as of 31 December 2010. In connection with the completion of the arrangement, Dalsa Corporation was amalgamated, with the resulting entity now named Teledyne Dalsa, Inc.