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Teleflex Incorporated stock price
Teleflex Incorporated latest news:
Teleflex to buy NeoTract for up to $1.1 billion in cash and potential milestone payments
Teleflex Inc. said Tuesday it will buy medical device company NeoTract Inc. in a deal valued at up to $1.1 billion. Under terms of the deal, Teleflex will pay $725 million in cash at the deal's closing, and up to an additional $375 million if certain sales milestones are achieved. Teleflex plans to fund the acquisition through borrowings under its revolving credit facility. The deal is expected to add slightly to adjusted earnings per share this year. Teleflex's stock, which was still inactive in premarket trade, had run up 31% year to date through Friday, while the S&P 500 has gained 10.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Teleflex to acquire NeoTract
Teleflex Inc(TFX): * Teleflex Incorporated(TFX) to acquire NeoTract. * Teleflex Inc (TFX) - Teleflex (TFX) will acquire neotract in a transaction valued up to $1.1 billion. * Teleflex Inc (TFX) - Teleflex (TFX) will acquire NeoTract for an upfront cash payment of $725 million at closing. * Teleflex Inc (TFX)- boards of directors of both Teleflex (TFX) and NeoTract have unanimously approved transaction.
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