Flir’s Goleta infrared operation a big target of $8B Teledyne acquisition
For more than a decade, Teledyne Technologies has been attempting to get into the uncooled infrared market. With its acquisition of Flir Systems, announced Jan. 4, the multinational conglomerate based in Thousand Oaks might finally have the perfect opportunity to enter the commercial infrared space with a splash. Teledyne plans to spend approximately $8 billion Read More →
Teledyne to buy Flir in $8B deal
Teledyne Technologies, a multinational conglomerate based in Thousand Oaks, will spend around $8 billion in cash and stock to buy Flir Systems, a thermal imaging company with a manufacturing and research and development facility in Goleta. The deal was announced early in the morning on Jan. 4, and has been approved by the boards of Read More →
Coming in 2021: Economic recovery, eventually
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Restaurant losses mount since outdoor dining ban
Restaurants across the country have been decimated by the COVID-19 pandemic, and the latest stay-home order in Southern California hasn’t helped. One restaurant owner said sales are down 80% since outdoor dining ended.
Five tech business trends to watch in 2021
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Region’s bankers see a bumpy road to recovery in 2021
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Guitar Center bankruptcy hits final note
Guitar Center announced that it emerged from Chapter 11 bankruptcy proceedings after its reorganization plan was confirmed in federal court on Dec. 17, less than a month after the company filed for bankruptcy. The plan puts into motion a collection of previously announced recapitalizations, including exit financing and the abolishment of all of Guitar Center’s Read More →
