Teledyne Technologies Prices
Required Public Offering
LOS ANGELES - August 17, 2000 - Teledyne Technologies Incorporated (NYSE:TDY) announced the pricing of its required public offering of 4,100,000 shares of its Common Stock. The initial public offering price is $19.50 per share. The Company expects to close the offering on August 22, 2000.
Goldman, Sachs & Co., Banc of America Securities LLC and A.G. Edwards & Sons, Inc., are underwriting the offering. The underwriters have the option to purchase up to an additional 615,000 shares from Teledyne Technologies.
A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from Jason VanWees, Teledyne Technologies Incorporated, 2049 Century Park East, Suite 1500, Los Angeles, CA 90067-3101.
Teledyne Technologies (www.teledyne.com) is a leading provider of sophisticated electronics and communication products, systems engineering solutions and aerospace engines and components, with operations in the United States, the United Kingdom and Mexico.
This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from these forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Teledyne Technologies' periodic filings with the Securities and Exchange Commission, as well as the Registration Statement, as amended, No. 333-41892 relating to the offering.