A Wayne-based medical device maker is spending $1 billion to acquire a Minnesota-based med-tech company.
Teleflex Inc. announced its purchase of Vascular Solutions Inc. on Friday.
The local company will pay $56 per share for Vascular Solutions (NASDAQ: VASC),marking a premium of approximately 1.6 percent over the company's closing stock price Thursday.
Vascular Solutions has 575 workers and generates approximately $147 million in annual revenue, ranking it as Minnesota's eighth-largest med-tech company and 54th…
Source: bizjournals.com