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Teleflex unit closes Pyng Medical deal

Teleflex Inc. unit Teleflex Medical Canada Inc. completed the acquisition of Canada-based Pyng Medical Corp.

Under the terms of the deal, Teleflex Medical acquired 100% of the common shares of Pyng, whose shareholders received 30.203 cents in cash per common share. Pyng is now wholly owned by Teleflex Medical.

With the completion of the acquisition, the common shares of Pyng will be de-listed from the TSX Venture Exchange and Pyng will cease to be a reporting issuer.