../Morning Post
Posted February11, 2011

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Shares

DALSA Shareholder Approval Obtained for Plan of Arrangement with Teledyne

WATERLOO - Teledyne Technologies Incorporated and DALSA Corporation jointly announced today that at a Special Meeting of the Shareholders. DALSA received the requisite shareholder approvals for the plan of arrangement pursuant to which Teledyne will acquire all the issued and outstanding common shares of DALSA. Over 87.5% of DALSA's shareholders were represented in person or by proxy at the Meeting, and over 99.9% of the securities voted at the Meeting were voted in favor of the special resolution approving the Arrangement.

Under the Arrangement, DALSA shareholders will receive CAD $18.25 in cash for each outstanding DALSA common share. The aggregate value for the transaction is approximately CAD $337 million, taking into account DALSA's stock options and net cash as of December 31, 2010. The acquisition has been approved by the boards of directors of both companies, and the transaction received early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

DALSA's application to the Ontario Superior Court of Justice to obtain the final order approving the Arrangement is scheduled for Friday, February 11, 2011. Assuming court approval is obtained and that all other conditions to the Arrangement are satisfied or waived, the Arrangement is expected to become effective on or about February 12, 2011. Delisting of DALSA's common shares from the Toronto Stock Exchange is expected to occur on or about February 17, 2011.

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