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Defense equipment manufacturer Teledyne (TDY) agrees to buy LeCroy (LCRY) for $240.5M, with the...
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Tuesday, May 29, 2012, 8:11 AM ETDefense equipment manufacturer Teledyne (TDY) agrees to buy LeCroy (LCRY) for $240.5M, with the $14.30/share offer representing a premium of over 56% on the latter's close on Friday. "LeCroy will broaden our portfolio of analytical instrumentation businesses," says Teledyne. LeCroy's shares are +55.4% premarket. (PR)
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