Irenic Capital Management Announces Telefax's Decision To Not Engage With Potential Buyers Is Unreasonable, Irresponsible
Benzinga Newsdesk 7 months ago
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Irenic Capital Management, LP, one of the largest shareholders of Teleflex Incorporated ("Teleflex" or the "Company") (NYSE: TFX) with 2% ownership, today sent the below letter to the Company's Board of Directors (the
Irenic Capital Management, LP, one of the largest shareholders of Teleflex Incorporated ("Teleflex" or the "Company") (NYSE: TFX) with 2% ownership, today sent the below letter to the Company's Board of Directors (the "Board") regarding its refusal to engage with potential acquirors, despite receiving interest from multiple credible parties. The letter also urges the Board to immediately take a more constructive and responsible approach to evaluating strategic alternatives.