Teledyne
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Teledyne Technologies Inc. NYSE: TDY is an industrial conglomerate primarily based in the United States but with global operations. It was founded in 1960 by Henry Singleton and George Kozmetsky.
Teledyne was initially part of Allegheny Technologies but was spun off so the latter could concentrate on its core business of steel and exotic metals production.
Teledyne at one time consisted of interests as varied as insurance, dental appliances (Teledyne WaterPik), and aeronautics. All three enterprises have subsequently been spun off, the first as Unitrin Corporation, the second as WaterPik Corporation, and the last (the once-independent Ryan Aeronautical), was acquired by Northrop Grumman. At the same time as the Unitrin spinoff, the stock, publicly traded on the New York Stock Exchange, was split five for one, resulting in a lower per-share price and far more shares in circulation.
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