Piper Jaffray Downgrades Vascular Solutions (VASC) to Neutral

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Go back to Piper Jaffray Downgrades Vascular Solutions (VASC) to Neutral

Jefferies Raises Price Target on Teleflex (TFX) Ahead of Vascular Solutions (VASC) Acquisition

December 5, 2016 8:05 AM EST

Jefferies reiterated a Hold rating on Teleflex (NYSE: TFX), and raised the price target to $155.00 (from $154.00) ahead of the company's acquisition of Vascular Solutions (NASDAQ: VASC) for $56 per share. Vascular Solutions will be both growth and margin accretive... More

Teleflex (TFX) to Acquire Vascular Solutions (VASC) in $1B Deal

December 2, 2016 6:47 AM EST

Vascular Solutions, Inc. (Nasdaq: VASC) announced that it has entered into a definitive agreement to be acquired by Teleflex Incorporated (NYSE: TFX) for a purchase price of $56.00 per share in cash. The transaction implies an equity purchase price of $1.0 billion. Upon completion of the transaction, Vascular Solutions will become a wholly owned subsidiary of Teleflex.

The purchase price represents a 16% premium over Vascular Solutions average closing price during the 90 trading days ended December 1, 2016. In addition, the purchase price is 38.4x the midpoint of the companys preliminary 2017... More