BuybackAug 7, 2026, 04:48 PM
Teleflex Launches $250M Accelerated Share Repurchase Program
AI Summary
Teleflex Incorporated has initiated a $250 million accelerated share repurchase (ASR) program with Truist Bank. This ASR is part of the company's existing $1 billion share repurchase authorization. The program is funded by proceeds from the sale of its Original Equipment Manufacturing and Development Services business and is expected to conclude in the fourth quarter of 2026.
Key Highlights
- Teleflex launched a $250 million accelerated share repurchase (ASR) program.
- The ASR program is with Truist Bank.
- It is part of the company's existing $1 billion share repurchase authorization.
- Initial delivery of shares will be 80% of the repurchase price.
- Total shares repurchased will be based on volume-weighted average prices.
- The program is funded by proceeds from the sale of its OEM and Development Services business.
- The ASR transaction is scheduled to terminate in the fourth quarter of 2026.
Price Impact
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