Medical device maker Teleflex to buy Vascular Solutions for $1 billion

Pipette tips discharging diluted human blood into a 96 well tissue culture plate for an experiment at a research laboratory (Dlumen)

Medical device maker Teleflex Inc said on Friday it agreed to buy Vascular Solutions Inc for about $1 billion.

Teleflex's offer of $56 per Vascular share represents a premium of 1.6 percent to the stock's Thursday close.