Wayne, Pa.-based Teleflex will purchase Minneapolis-based device maker Vascular Solutions for $56 per share, or about $1 billion.
Here are three things to know about the deal.
1. Teleflex develops devices for surgery, cardiac, respiratory and emergency care. Vascular Solutions offers devices for diagnostic and interventional vascular procedures.
2. Teleflex's offer of $56 per share represents a premium of 1.6 percent on the stock's closing value as of Thursday, according to a Reuters report.
3. The deal is expected to close in the first half of 2017.
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