Feb 27 (Reuters) - Teleflex ( TFX ) said on Thursday it
would split into two by spinning off its business that makes
devices for the urology, and acute care markets as well as its
contract manufacturing unit.
That would make Teleflex ( TFX ) a company that primarily makes
devices for bloodstream- and heart-related procedures and for
medical imaging and surgical purposes.
To boost this business, Teleflex ( TFX ) also said it would buy
Germany-based Biotronik's blood vessel device unit for about 760
million euros ($796.3 million) in cash.
Teleflex ( TFX ) said it would distribute shares of the spun-off
company to shareholders and expects the separation to be
completed in mid-2026.
($1 = 0.9544 euros)