Teleflex Incorporated

NYSE:TFX  
397.22
-5.81 (-1.44%)
Debt Financing / Related, Layoffs, Divestitures / Spin-offs

Teleflex Says Restructuring Plan Also Includes Related Workforce Reductions

Published: 05/18/2021 11:09 GMT
Teleflex Incorporated (TFX) - Teleflex Inc - in Connection With Agreement to Divest Certain Product Lines, Co Committed to Restructuring Plan.
Teleflex Inc - Estimates Co Will Incur Aggregate Pre-tax Restructuring and Restructuring Related Charges in Connection With Plan of $24 Million to $30 Million.
Teleflex - Restructuring Plan is Designed to Separate Manufacturing Operations That Will Be Transferred to Medline From Those Remaining With Co.
Teleflex - Restructuring Plan Also Includes Related Workforce Reductions.
Teleflex Inc - Expects $6 Million to $7 Million Charges Related to Restructuring Plan to Be Incurred in 2021 and Balance to Be Incurred in 2022 and 2023.
Teleflex Inc - Estimates That Substantially All of These Charges Will Result in Cash Outlays, Majority of Which Will Be Made in 2022 and 2023.
Teleflex - Initial Actions Under Restructuring Plan Are Expected to Commence in Second Quarter of 2021.
Teleflex Inc - Also Expects to Incur $22 Million to $28 Million in Aggregate Capital Expenditures Under Plan, to Be Incurred Mostly in 2022 and 2023.