December 12, 2016 / 7:47 AM / a year ago

E2V Technologies says agrees on terms of Teledyne Tech offer

Dec 12 (Reuters) - Imaging sensor provider E2V Technologies Plc said on Monday that it had agreed on the terms of an all-cash takeover offer from U.S. firm Teledyne Technologies Inc .

The company, which makes sensors for cameras and radio frequency generators for various industries, said Teledyne offered 275 pence each per E2V share, a premium of 48 percent to the U.K.-based company’s closing price on Friday.

E2V said Teledyne had received acceptances from about 45 percent of E2V shareholders, and said its board supported the offer. (Reporting by Vidya L Nathan in Bengaluru; Editing by Biju Dwarakanath)

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