BUZZ-Teleflex jumps on report of CVC, GTCR joint take-private bid

Teleflex Incorporated

Teleflex Incorporated

TFX

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Updates

** Teleflex TFX.N shares rise 10% to $133.70 premarket

** Private equity firms CVC Capital Partners and GTCR have submitted a joint bid to take the medical device maker private, a source said on Tuesday

** TFX makes breathing tubes, catheters and vascular access products used mainly in hospital intensive care units

** Bid under evaluation; no deal certain and TFX can reject approach or draw rival interest - source

** Teleflex has been streamlining its business and sold three units for $2.03 billion in December

** As of last close, shares up ~2% this year