Varex Imaging Corporation has successfully secured stockholder approval for its merger with Teledyne Technologies Incorporated, a significant step in the company’s strategic growth plan. The approval was granted during a special meeting of stockholders held on October 28, 2026. This merger is poised to reshape Varex’s operational framework and enhance its competitive edge in the electronic components industry.

Background

Varex Imaging Corp, incorporated in Delaware, operates within the electronic components sector, specifically classified under SIC 3679. The company’s stock is traded on the Nasdaq under the ticker symbol VREX. Recently, Varex has been active in filing various reports with the SEC, including an 8-K and proxy statements related to the merger.

What the Filing Says

The SEC filing reveals that the special meeting was convened to discuss proposals related to the Agreement and Plan of Merger with Teledyne Technologies. The preliminary results indicated that 32,533,124 shares of Varex’s common stock were represented at the meeting, which constituted a quorum. The stockholders voted on three proposals:

1. To adopt the Merger Agreement.

2. To approve, on an advisory basis, the compensation related to the merger.

3. To adjourn the meeting if necessary.

Both the Merger Agreement and the Compensation Proposal received overwhelming support, while the Adjournment Proposal was not needed due to sufficient votes for the merger.

Impact

The approval of the merger is expected to have significant implications for Varex Imaging, enhancing its capabilities and market reach. This merger will also affect stakeholders within the electronic components industry, particularly competitors like Teledyne Technologies. The merger is anticipated to create a more formidable entity in the market, potentially leading to increased competition and innovation.

What's Next

The filing indicates that the consummation of the merger is still subject to various closing conditions, including regulatory approvals and compliance with legal requirements. Varex has committed to providing further updates as the situation progresses and will file an amendment to this report once final voting results are available.