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SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
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/ / Preliminary Proxy Statement
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/ / Definitive Proxy Statement
/X/ Definitive Additional Materials
/ / Soliciting Material Pursuant to Section 240.14a-11(c) or Section
240.14a-12
TELEDYNE, INC.
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
/ / $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), 14a-6(i)(2) or
Item 22(a)(2) of Schedule 14A.
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14a-6(i)(3).
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(4)
and 0-11.
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pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
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/X/ Fee paid previously with preliminary materials.*
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* $500 fee paid previously in connection with the filing of materials
pursuant to Section 240.14a-11(c) on February 24, 1995.
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FOR IMMEDIATE RELEASE Contact: Rosanne O'Brien
Teledyne, Inc.
310/551-4265
TELEDYNE DECLARES QUARTERLY DIVIDEND
Los Angeles, California, April 26, 1995 -- The Board of Directors of
Teledyne, Inc. (NYSE:TDY) announced today the declaration of a quarterly
dividend of $0.25 per share, payable $0.10 in cash and $0.15 in face amount of
Teledyne's Series E Preferred Stock. The dividend will be payable on May 24,
1995 to shareholders of record on May 8, 1995. Shareholders will receive one
share of preferred stock for each 100 shares of common stock held on the record
date.
The new preferred shares will be part of Teledyne's previously-created
Series E Preferred Stock which trades on the New York and Pacific Stock
Exchanges under the symbol TDYPrE.
Teledyne Chairman William P. Rutledge said, "This action by the Board
reflects the Company's strong first quarter 1995 results and positive outlook
for the remainder of the year."
Teledyne had 55,500,626 shares outstanding on March 31, 1995.
Teledyne is a diversified manufacturing corporation serving customers
worldwide through 18 operating companies focused in four business segments:
Aviation & Electronics; Specialty Metals; Industrial; and Consumer.
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