We are  investigating possible breaches of fiduciary duty and other violations of law by the board of directors of FLIR Systems, Inc. (“FLIR” or the “Company”) (NASDAQ: FLIR) in connection with the proposed acquisition of the Company by Teledyne Technologies Incorporated (“Teledyne”) (NYSE: TDY).  Under the terms of the merger agreement, Teledyne will acquire FLIR in a mixed cash-and-stock transaction, pursuant to which FLIR shareholders will receive $28.00 in cash and 0.0718 shares of Teledyne common stock for each FLIR share that they own, representing implied per-share merger consideration of approximately $56.14 based upon Teledyne’s December 31, 2020 closing price of $391.98.

WeissLaw is investigating whether FLIR’s board acted in the best interest of FLIR’s public shareholders in agreeing to the proposed transaction, whether the merger consideration adequately compensates FLIR’s shareholders, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to FLIR’s public shareholders. WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com