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Teleflex Buys Vascular Solutions For $1bn To Improve Growth

 
• By Reed Miller

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.

Teleflex has agreed to acquire all issued and outstanding shares of Vascular Solutions common stock for $56 per share in cash. The purchase price represents a 16% premium over Vascular...

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