LIMERICK & READING, Pa.--(BUSINESS WIRE)--Teleflex Incorporated, (NYSE: TFX) a diversified company with an expanding medical technology business and Arrow International, Inc. (NASDAQ: ARRO), a leading global provider of catheter-based access and therapeutic products for critical and cardiac care, announced today that they have entered into a definitive agreement pursuant to which Teleflex will acquire Arrow in an all cash transaction valued at approximately $2 billion.