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Teledyne Acquires RD Instruments
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Late last month, Teledyne Technologies Inc. (Los Angeles, California) announced that its subsidiary, Teledyne Investment Inc., completed the acquisition of RD Instruments Inc. (San Diego, California) for approximately $37 million. The business will operate as Teledyne RD Instruments Inc.
Teledyne funded the acquisition primarily from borrowings under its $280 million credit facility, arranged with a syndicate of banks. RD Instruments had sales of approximately $29 million for its fisca...
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