SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of FLIR Systems, Inc. (Nasdaq – FLIR)

BALA CYNWYD – January 4, 2021 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of FLIR Systems, Inc. (“FLIR” or the “Company”) (Nasdaq – FLIR) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Teledyne Technologies Incorporated (NYSE – TDY) (“Teledyne”). Under the terms of the agreement, FLIR shareholders will receive only $28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share they own, which implies a total purchase price of $56.00 per FLIR share based on Teledyne’s 5-day volume weighted average price as of December 31, 2020.

The investigation concerns whether the FLIR Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Teledyne is paying too little for the Company. For example, the deal consideration is below the 52-week high of $59.44 for FLIR stock.

If you own shares of FLIR stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.