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Stock Market & Financial Investment News

News Breaks
August 6, 2014
13:42 EDTMDT, COVMedtronic says approval for Covidien deal 'progressing'
Medtronic (MDT) CEO Omar Ishrak said on CNBC that the regulatory approval process for the closure of its Covidien (COV) is "progressing." Ishrak expects the deal to close at the end of this year or early next year. Shares of Covidien are off their lows of the day, but remain down 2% to $85.02 in afternoon trading.
News For MDT;COV From The Last 14 Days
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August 25, 2015
09:07 EDTMDTMedtronic to acquire Twelve for $458M
In support of the company's therapy innovation strategy, Medtronic announced that it has signed a definitive agreement to acquire Twelve, a medical device company focused on the development of a transcatheter mitral valve replacement, or TMVR device. Twelve is the twelfth company spun out from the premier medical device incubator The Foundry. Medtronic has agreed to pay up to $458M for Twelve including $408M at closing and $50M on achievement of CE Marking. The cash- and debt-free transaction remains subject to customary closing conditions, and is expected to close in October 2015.

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