-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mq3UsObtk02LxzB7ULMfKE/ND49ZgyGzP2Z2Zwwar7+7LDDkhFdff3Zm/2QcPIcF 3LJBhnSFtL3Uj8oeLKOhQQ== 0000950129-05-008823.txt : 20050830 0000950129-05-008823.hdr.sgml : 20050830 20050829194758 ACCESSION NUMBER: 0000950129-05-008823 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050826 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050830 DATE AS OF CHANGE: 20050829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TELEDYNE TECHNOLOGIES INC CENTRAL INDEX KEY: 0001094285 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 251843385 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15295 FILM NUMBER: 051056857 BUSINESS ADDRESS: STREET 1: 12333 W OLYMPIC BLVD CITY: LOS ANGELES STATE: CA ZIP: 90064 BUSINESS PHONE: 3108931600 MAIL ADDRESS: STREET 1: 12333 W OLYMPIC BLVD CITY: LOS ANGELES STATE: CA ZIP: 90064 8-K 1 v12159e8vk.htm TELEDYNE TECHNOLOGIES INC. e8vk
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 26, 2005
 
Teledyne Technologies Incorporated
(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction of incorporation)
  1-15295
(Commission File Number)
  25-1843385
(I.R.S. Employer
Identification No.)
     
12333 West Olympic Boulevard
Los Angeles, California
(Address of principal executive offices)
  90064-1021
(Zip Code)
Registrant’s telephone number, including area code: (310) 893-1600
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 230.14d-2(b))
o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))
 
 

 


 

Item 8.01 Other Events
On August 26, 2005, Teledyne Investment, Inc., a wholly-owned subsidiary of Teledyne Technologies Incorporated, completed the acquisition of RD Instruments, Inc., for approximately $37.0 million. The press release issued by Teledyne on August 29, 2005 is attached as exhibit 99.1 and is incorporated by reference herein.
On August 26, 2005, Teledyne Isco, Inc., a wholly-owned subsidiary of Teledyne Technologies Incorporated, completed the sale of its SWIFT™ monolithic liquid chromatography media products, intellectual property, technology and related assets to Dionex Corporation. The press release issued by Teledyne on August 26, 2005 is attached as exhibit 99.2 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1     Press release dated August 29, 2005
Exhibit 99.2     Press release dated August 26, 2005

 


 

SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  TELEDYNE TECHNOLOGIES INCORPORATED
 
 
  By:   /s/ Dale A. Schnittjer    
    Dale A. Schnittjer   
    Vice President and Chief Financial Officer   
 
Dated: August 29, 2005

 


 

EXHIBIT INDEX
     
    Description
Exhibit 99.1
  Teledyne Technologies Incorporated Press Release dated August 29, 2005
Exhibit 99.2
  Teledyne Technologies Incorporated Press Release dated August 26, 2005

 

EX-99.1 2 v12159exv99w1.htm EX-99.1 exv99w1
 

Exhibit 99.1
(Logo Omitted)
Teledyne Technologies Incorporated
12333 West Olympic Boulevard
Los Angeles, CA 90064-1021
News Release
 
Teledyne Acquires
RD Instruments, Inc.
LOS ANGELES – August 29, 2005 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that its subsidiary, Teledyne Investment, Inc., has completed the acquisition of RD Instruments, Inc., for approximately $37.0 million. RD Instruments (RDI) designs and manufactures state-of-the-art acoustic Doppler instrumentation. Located in San Diego, Calif., 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 $29.0 million for its fiscal year ended December 31, 2004.
“The acquisition of RD Instruments complements Teledyne’s existing businesses in multiple market segments,” said Robert Mehrabian, chairman, president and chief executive officer of Teledyne Technologies. “For example, both RD Instruments and Teledyne Geophysical Instruments employ ultrasonic transducers to sense signals in water. Teledyne’s existing lines of hydrophone arrays focus on passive detection primarily for the petrochemical exploration market, while RD Instruments is a leader in active acoustic transmission and reception for oceanographic, environmental and military applications. RDI’s Acoustic Doppler Current Profilers perform precise measurement of currents at varying depths in oceans and rivers, and its Doppler Velocity Logs are used for navigation of civilian and military surface ships, unmanned underwater vehicles and U.S. Navy divers.
“Furthermore, both RDI and Teledyne Isco manufacture ultrasonic instruments that measure the flow rate of wastewater. The combination of Teledyne’s cost-effective instruments and software with RDI’s products, which provide the highest accuracy for large pipes, will permit Teledyne to offer a more complete portfolio of flow measurement solutions to our customers.”
Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom, Mexico and Canada. For more information, visit Teledyne Technologies’ website at www.teledyne.com.
Forward-Looking Statements Cautionary Notice
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, relating to the Company’s earnings and a potential acquisition. Actual results could differ materially from these forward-looking statements. Many factors, including the Company’s ability to integrate the acquired product lines and achieve anticipated synergies, could change anticipated results.
Investor Contact:   Jason VanWees
(310) 893-1642
 
Media Contact:   Robyn McGowan
(310) 893-1640

 

EX-99.2 3 v12159exv99w2.htm EX-99.2 exv99w2
 

Exhibit 99.2
(Logo Omitted)
Teledyne Technologies Incorporated
12333 West Olympic Boulevard
Los Angeles, CA 90064-1021
News Release
 
Teledyne Sells Swift™ to Dionex
LOS ANGELES – August 26, 2005 – Teledyne Technologies Incorporated (NYSE:TDY) today announced that Teledyne Isco, Inc., completed the sale of its SWIFT™ monolithic liquid chromatography media products, intellectual property, technology and related assets to Dionex Corporation (NASDAQ: DNEX).
Divestiture of this non-core business, in addition to the earlier dispositions of the AFTCO electromagnetic flow meter partnership and the German-STIP-Isco process monitoring business, allows Teledyne Isco to focus on its market leading flash chromatography instruments and consumables, core wastewater sampler and flow products, and high-pressure syringe pumps.
Teledyne Technologies is a leading provider of sophisticated electronic components, instruments and communication products, systems engineering solutions, aerospace engines and components and on-site gas and power generation systems. Teledyne Technologies has operations in the United States, the United Kingdom, Mexico and Canada. For more information, visit Teledyne Technologies’ website at www.teledyne.com.
Investor Contact:   Jason VanWees
(310) 893-1642
 
Media Contact:   Robyn McGowan
(310) 893-1640

 

-----END PRIVACY-ENHANCED MESSAGE-----