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VASC - Vascular Solutions Inc News Story

$56 0.0  0.0%

Last Trade - 17/02/17

Sector
Healthcare
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £116.9m
Position in Universe th / 7245

BRIEF-Teleflex Inc to buy Vascular Solutions for $1 bln

Fri 2nd December, 2016 11:45am
Dec 2 (Reuters) - Teleflex Inc  TFX.N :  
    * Teleflex incorporated to acquire Vascular Solutions 
    * Teleflex Inc - transaction valued at approximately $1.0 
billion. 
    * Teleflex Inc - Teleflex will acquire all of issued and 
outstanding shares of Vascular Solutions common stock for $56.00 
per share, in cash 
    * Boards of directors of both teleflex and Vascular 
Solutions have unanimously approved transaction 
    * Teleflex Inc - expects acquisition to provide 
approximately $0.50 in adjusted earnings per share accretion in 
fiscal year 2018 
    * Teleflex Inc - anticipates generating synergies of between 
$40 million to $45 million by fiscal year 2019 from deal 
    * Teleflex Inc - expect deal to generate incremental revenue 
growth and accretion to adjusted margins, adjusted earnings per 
share beginning in 2017 
    * Teleflex Inc - commitment letter from JP Morgan Chase bank 
for a new $750 million senior unsecured bridge facility in 
connection with planned deal 
    * Teleflex - plans to finance deal at closing through 
combination of availability under its revolving credit facility, 
new secured term loan facility 
 
Source text for Eikon:  ID:nGNXNNICIa  
Further company coverage:  TFX.N  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
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