MARKHAM, Ontario–(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.
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