Teledyne Technologies Purchased Remaining Stake Of Ocean Design (TDY)
Fri. September 04, 2009; Posted: 11:12 AM
Sep 04, 2009 (SmarTrend(R) News Watch via COMTEX) --
TDY |
Quote |
Chart |
News |
PowerRating -- 9/4/2009 - Teledyne Technologies Inc. (NYSE:TDY) announced Friday that it purchased the remaining 11% stake of Ocean Design Inc. that the company didn't already own. The deal was worth about $19.6 million. Teledyne Instruments Inc., a subsidiary of Teledyne Technologies Inc., made the acquisition following the company's initial $30 million purchase of a majority interest in Ocean Design in August of 2006. The acquisition will make Ocean Design a subsidiary of Teledyne and the company will change its name to Teledyne ODI Inc.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
For full details on Teledyne Technologies (TDY)
click here. Teledyne Technologies (TDY) has Short Term PowerRatings of 6. Details on Teledyne Technologies (TDY) Short Term PowerRatings is available at
This Link.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index