Teleflex Buys Vascular Solutions For $1bn To Improve Growth

The purchase price of $56 a share in cash is a modest 16% premium over Vascular Solutions' 90-day average price. Vascular Solutions' CEO says uncertainty about the future leadership of the company compelled it to consider acquisition offers.

Teleflex Inc. is continuing its recent strategy of complementary acquisitionswith its biggest deal so far, buying Vascular Solutions Inc. for $1bn, the companies announced on Dec. 5.

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