There may be someone on the dark side of the Moon that hasn t heard about the Senate vote for the 21st Century Cures Act, but everyone else certainly has. One might have expected the reaction to the Cures bill to be split, but the degree to which the reaction on both sides has been hyperbolic is perhaps surprising even to the veterans of the Twitterverse.
Wayne, Pa-based, Teleflex Inc. is set to acquire Minneapolis-based Vascular Solutions Inc. in a transaction valued at about $1 billion. Teleflex's offer of $56 per Vascular Solutions share represents a premium of 1.6 percent to the stock's Thursday close. Upon news of the pending merger, shares of Teleflex (NYSE:TFX) jumped as much as 6.2 percent to $155.09, the biggest intraday percent gain since February. Shares closed at $152.64.