Irenic urges Teleflex to consider acquisition offers By Investing.com
Irenic Capital Management, holding a 2% stake in Teleflex Incorporated, has sent a letter to the medical device company's board urging them to engage with potential acquirers. Despite Teleflex's significant negative shareholder return over the past five years and its operation without a permanent CEO, Irenic claims multiple parties are interested in an acquisition. The activist investor is also calling for board changes, including a new chairman, to address the company's underperformance.
https://in.investing.com/news/company-news/irenic-urges-teleflex-to-consider-acquisition-offers-93CH-5311673