On February 27, 2025, during market hours, Fierce Biotech published an article entitled “Teleflex plays musical chairs, plans company split amid €760M Biotronik cardiovascular deal.” The article stated that “Teleflex has announced a plan to split its business into two separate independent companies—and it’s setting up one of its future scions with a new portfolio of cardiovascular device assets, set to be acquired from Biotronik.”
On this news, Teleflex stock fell $38.52 per share, or 21.6%, to close at $139.11 on February 27, 2025.