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April 21, 2014
18:47 EDTEW, MDTInjunction delay 'temporary victory' for Medtronic, says Wells Fargo
Wells Fargo said the U.S. Appeals Court's injunction delay, which will allow Medtronic (MDT) to sell its CoreValve system in the U.S., is "at least a temporary victory" for Medtronic. The firm said that while the injunction, sought by Edwards Lifesciences (EW) to prevent the sale of the CoreValve system, is less likely to be upheld, it believes that Edwards will at least receive monetary damages in the form of lost profits. Wells maintains an Outperform rating on shares of both Medtronic and Edwards.
News For MDT;EW 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.
August 24, 2015
08:29 EDTEWWilliam Blair to hold a field trip
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