Teleflex Inc. (NYSE:TFX) shares jumped 8.22% to $135.00 in pre-market session on Wednesday, after private equity firms CVC Capital Partners and GTCR submitted a joint bid to take the medical device maker private.
The offer is currently under evaluation, and there is no certainty that a deal will be finalized, Reuters reported, citing a source.
TFX closed the regular session down 5.46% at $124.75, according to Benzinga Pro data.
CVC Capital Partners and GTCR did not immediately respond to Benzinga’s request for comment.
Activist Pressure Preceded The Approach
The bid follows criticism from activist investor Irenic Capital Management, which in March pressured Teleflex’s board for resisting engagement with potential acquirers.
CVC On An Acquisition Spree In 2026
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