Teleflex Completes Acquisition of Pyng Medical Corp.
April 03 2017 - 5:30PM
Business Wire
Teleflex Medical Canada Inc. (“Teleflex Canada”), a
wholly owned indirect subsidiary of Teleflex Incorporated
(NYSE:TFX), today announced the completion of the acquisition of
Pyng Medical Corp. (“Pyng”), a corporation with a head
office located at 210 – 13480 Crestwood Place, Richmond, British
Columbia, by way of plan of arrangement (the “Arrangement”)
under Division 5 of Part 9 of the Business Corporations Act
(British Columbia). Under the terms of the transaction, Teleflex
Canada acquired 100 percent of the common shares of Pyng, whose
shareholders received US$0.30203 (CAD$0.40200, based on an exchange
rate of CAD$1.3310 per USD$1.00 as of March 31, 2017) in cash per
common share. Pyng is now wholly owned by Teleflex Canada.
Pursuant to the Arrangement, all previously outstanding stock
options and warrants were deemed exercised for that number of
common shares equal to the “in-the-money amount” of such stock
options and warrants in accordance with their terms and all
previously outstanding convertible debentures were deemed converted
into common shares in accordance with their terms.
With the completion of the acquisition, the common shares of
Pyng will be de-listed from the TSX Venture Exchange and Pyng will
cease to be a reporting issuer.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170403006616/en/
Teleflex IncorporatedJake ElguiczeTreasurer and Vice President,
Investor Relations610-948-2836orTeleflex Medical Canada Inc.500
Hood Road, Suite 310Markham, OntarioL3R 9Z3
Teleflex (NYSE:TFX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Teleflex (NYSE:TFX)
Historical Stock Chart
From Apr 2023 to Apr 2024