Teleflex Urged to Seek Strategic Alternatives, Board Changes by Irenic Capital Management.

Teleflex, a medical device maker, has been urged by Irenic Capital Management, one of its largest shareholders, to explore strategic alternatives, including a potential buyout, and revamp its board. Irenic's letter, signed by portfolio manager Eric Singer, suggests that the company's current strategy may not be in the best interest of shareholders. The letter also calls for changes to the board to ensure better governance and oversight.