Arrow shareholders to decide merger on Sept. 20

By Lisa Kerner

Charlotte, N.C., Aug. 24 - Arrow International, Inc. shareholders will vote on the company's proposed merger with Teleflex Inc. at Arrow's 2007 annual meeting on Sept. 20 at 2 p.m. ET in Philadelphia.

Both companies' boards of directors have approved the $2 billion cash transaction that will give Arrow stockholders $45.50 per share, according to a schedule 14A filing with the Securities and Exchange Commission.

It was previously reported that Teleflex Medical president Ernest Waaser will become president of the combined medical business.

Reading, Pa.-based Arrow develops, manufactures and markets disposable catheters and related products for critical and cardiac care.

Teleflex's products are used in the commercial, medical and aerospace markets. The company is located in Limerick, Pa.

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