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Teledyne
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'''Teledyne''' {{nyse|TDY}} is an industrial
conglomerate (company) conglomerate primarily based in the
United States but with global operations.
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; both of these enterprises have subsequently been spun off, the former as
Unitrin Corporation, the second as
WaterPik Corporation, and the last (the once-independent
Ryan Aeronautical Company Ryan Aeronautical), was acquired by
Northrop Grumman. At the same time as the Unitirn 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.
Category:Conglomerate companies
Category:Companies listed on the New York Stock Exchange
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