Vascular Solutions Inc logo

VASC - Vascular Solutions Inc News Story

$56 0.0  0.0%

Last Trade - 17/02/17

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 
    * 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  
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.