Teleflex responds to Irenic; reaffirms $1.8B sale proceeds for $1B buyback, $800M debt paydown, $50M cost savings

TELEFLEX INC

Sale transactions of Acute Care, Interventional Urology, and OEM on track for H2 2026 close.
Expected net proceeds of ~$1.8B after tax to fund $1.0B share repurchase and $800M debt paydown.
Multi-year restructuring targets ~$50M annual pre-tax cost savings by mid-2028.
Board has not rebuffed acquirer approaches; will consider bona fide proposals.
CEO search ongoing; interim CEO Stu Randle leading restructuring plan.

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