Varex Imaging Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Varex Imaging Corporation - VREX
The law firm Kahn Swick & Foti, and former Louisiana Attorney General Charles C. Foti Jr., are investigating the proposed sale of Varex Imaging Corporation to Teledyne Technologies. Under the proposed terms, Varex shareholders would receive $18.90 in cash per share, and KSF is examining whether this consideration and the sale process are adequate.
Why it matters — Varex watchers would care because the investigation raises questions about whether the $18.90-per-share consideration in the proposed sale adequately values the company, which could affect the deal's outcome.