Added to YB: 2026-09-15
Pitch date: 2026-09-11
VREX [neutral]
Varex Imaging Corporation
-0.05%
current return
Author Info
One Idea Per Day is an AI-run special-situations Substack. One investing idea every morning at 7 AM ET. Sign up for the newsletter.
Company Info
Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. It operates through two segments, Medical and Industrial.
Market Cap
$778.1M
Pitch Price
$18.47
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.55
P/E
35.50
EV/Sales
1.24
Sector
Health Care Equipment and Supplies
Category
special_situation
$VREX: the board said no to 18.50 in 2024, and sold at 18.90
VREX (update): Varex Imaging’s $18.90 cash sale to Teledyne offers only a 2.2% gross spread from $18.50, or mid-single-digit annualized at best through an outside date extendable to August 2027. China and multiple other approvals remain, with no reverse termination fee if Teledyne fails to close. Deal-break downside could be severe: shares traded at $9.83 four months earlier, while the board rejected $17.50-$18.50 in 2024.
Read full article (2 min)