Teleflex rises after co to sell three of its businesses for $2.03 billion

Teleflex Incorporated

09/12/2025 14:20

** Shares of medical device maker Teleflex TFX.N rise 5.5% to $125.34 premarket

** Teleflex says it will sell three of its business units for a combined total of $2.03 billion in cash

** TFX says it will sell its Acute Care and Interventional Urology units to Intersurgical and its original equipment manufacturer unit to private equity firms Montagu and Kohlberg

** The transactions, which were approved by Teleflex's Board of Directors, are expected to complete in H2 2026, subject to customary regulatory approvals

** Separately, Teleflex has also authorized a share repurchase program for up to $1 billion of the company's common stock

** Up to last close, stock down 32.7% YTD

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))