{"id":86796,"date":"2010-06-19T01:06:50","date_gmt":"2010-06-18T17:06:50","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/teledyne-to-acquire-u-k-satellite-systems-designer-intelek\/"},"modified":"2010-06-19T01:06:50","modified_gmt":"2010-06-18T17:06:50","slug":"teledyne-to-acquire-u-k-satellite-systems-designer-intelek","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/teledyne-to-acquire-u-k-satellite-systems-designer-intelek\/","title":{"rendered":"Teledyne to Acquire U.K. Satellite Systems Designer Intelek"},"content":{"rendered":"<p>[06-18-10] U.K.-based electronic components and subsystems provider <strong>Teledyne<\/strong> has reached an agreement to acquire satellite and microwave systems designer and manufacturer <strong>Intelek<\/strong> for approximately 28 million British pounds ($41.4 million), Teledyne announced June 17.<br \/>\n&nbsp;&nbsp;&nbsp; The deal, closed on June 15, will see Intelek shareholders will receive 32 pence (47 cents) per Intelek share. Intelek said its Board of Directors intends to unanimously recommend that Intelek shareholders accept the offer.<br \/>\n&nbsp;&nbsp;&nbsp; Teledyne also has received an irrevocable undertaking from <strong>Rights &amp; Issues Investment Trust<\/strong> to accept the offer in respect to its 12.5 million Intelek Shares, representing approximately 14.31 percent of the existing issued share capital of Intelek. <br \/>\n&nbsp;&nbsp;&nbsp; \u201cThe combination of Intelek with Teledyne should place Intelek in a much stronger position to realize its growth potential,\u201d Teledyne Chairman, President and CEO Robert Mehrabian said in a statement.<br \/>\n&nbsp;&nbsp;&nbsp; The companies did not release details on how the two businesses will merge operations.<\/p>\n<h2>Related Stories-<\/h2>\n<p>\n<b class=\"titlelink\">Next-Generation VSAT, Modem Products Focus on  Innovation<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tNovember 4, 2009<br \/>\nWith the global economy poised for a rebound,  satellite modem manufacturers are responding with new products and  services, capable of supporting a wide array of business and government  applications. Among today s fastest growing sectors is the\u2026<\/p>\n<p><b class=\"titlelink\">Satellite Modem Manufacturers Insure Future Growth  Through Innovation&nbsp;<\/b> <img loading=\"lazy\" decoding=\"async\" width=\"12\" height=\"14\" align=\"top\" src=\"..\/..\/..\/..\/images\/icon_lock.gif\" alt=\"\">&nbsp;&nbsp; \t\t\tSatellite News&nbsp;&nbsp; \t\t\tOctober 27, 2009<br \/>\n[10-27-09] With the global  economy poised for a rebound, satellite modem manufacturers are  responding with new products and services, capable of supporting a wide  array of business and government applications. Among today s fastest\u2026<\/p>\n<p><b class=\"titlelink\">Raytheon Recruits Northrop To Integrated Battle  Command Program<\/b>&nbsp;<img loading=\"lazy\" decoding=\"async\" width=\"12\" height=\"14\" align=\"top\" src=\"..\/..\/..\/..\/images\/icon_lock.gif\" alt=\"\">&nbsp;&nbsp; \t\t\tSMD Report&nbsp;&nbsp; \t\t\tMay 18, 2009<br \/>\nRaytheon Co. [RTN] has brought Northrop  Grumman Corp. [NOC] into its team for the Army Integrated Battle Command  System (IBCS) program. Northrop joins others in the IBCS team including  Raytheon, General Dynamics Corp. [GD], Teledyne Brown..<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[06-18-10] U.K.-based electronic components and subsystems provider Teledyne has reached an agreement to acquire satellite and microwave systems designer and manufacturer Intelek for approximately 28 million British pounds ($41.4 million), Teledyne announced June 17. &nbsp;&nbsp;&nbsp; The deal, closed on June 15, will see Intelek shareholders will receive 32 pence (47 cents) per Intelek share. Intelek [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-86796","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86796"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=86796"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86796\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=86796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=86796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=86796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}