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READING, Pa. (AP) -- Arrow International Inc. said Monday a proxy advisory firm is recommending shareholders approve its approximately $2 billion acquisition by diversified manufacturing conglomerate Teleflex Inc. Glass Lewis & Co. is advising stockholders also vote for Arrow's director nominees at the company's annual meeting on Sept. 20. Shareholders of record Aug. 7 will be allowed to vote either in person or by proxy at the meeting. Arrow agreed to the Teleflex deal, which includes a $45.50 per share purchase price, in July. The company, which provides catheter-based access and therapeutic products for critical and cardiac care, also said the antitrust regulatory waiting period for the transaction has expired. The acquisition is expected to close shortly after Arrow shareholders approve the transaction. Shares of Arrow International added 3 cents to $45.27 in afternoon trading. Teleflex's stock fell $1.77, or 2.4 percent, to $73.22. In the past year, the shares have traded between $53.80 and $87.
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