TDY Files Registration Statement
LOS ANGELES - July 21, 2000 - Teledyne Technologies Incorporated (NYSE:TDY) announced today that it has filed a registration statement with the Securities and Exchange Commission in connection with an underwritten offering of 4.1 million shares of Common Stock. All 4.1 million shares are being offered by the Company.
The underwriting is to be managed by Goldman, Sachs & Co., Banc of America Securities LLC, and A.G. Edwards & Sons, Inc. The underwriters are being granted an over-allotment option for up to 615,000 additional shares of Common Stock of the Company.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Teledyne Technologies (www.teledyne.com) is a leading provider of sophisticated electronics and communication products, systems engineering solutions and aerospace engines and components. Teledyne Technologies has 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, including the Company's Annual Report on Form 10-K, as well as the registration statement relating to the offering.