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Stock Market & Financial Investment News

News Breaks
September 28, 2012
05:42 EDTMDT, KHMedtronic signs agreement to acquire China Kanghui Holdings
Medtronic (MDT) and China Kanghui Holdings (KH) announced that they have entered into a merger agreement whereby Medtronic will acquire Kanghui. The agreement calls for Medtronic to pay approximately $816M in cash, or $30.75 per ADS. The total value of the transaction, net of Kanghui's cash, is expected to be approximately $755M. The transaction is expected to close in the next few months and is subject to customary closing conditions, including approval from the shareholders of Kanghui. Medtronic expects the net impact from this transaction to be earnings neutral for FY13 and FY14 as the company intends to offset any dilutive impact of the transaction.
News For MDT;KH From The Last 14 Days
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July 28, 2014
12:46 EDTMDTMedtronic receives FDA approval for PRESTIGE cervical disc system
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11:07 EDTMDTLeerink medical devices analyst holds an analyst/industry conference call
Medical Devices Analyst Antalffy, along with MEDACorp Specialist Arie Pieter Kappetein, MD, PhD and Bernhard Meier, MD, assess EU cardiology trends on an Analyst/Industry conference call to be held on July 31 at 3 pm.
06:52 EDTMDTFormer official says Obama could limit inversion deals, NY Times reports
President Obama could limit tax inversion deals on his own authority, said Stephen Shay, former deputy assistant Treasury secretary for international tax affairs in the Obama administration, according to The New York Times. A 1969 law gives the president the ability to restrict inversion deals, said Shay, who also worked in the Reagan administration, the newspaper stated. Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott (ABT), Medtronic's (MDT) acquisition of Covidien (COV) and Valeant's (VRX) proposed takeover of Alletgan (AGN). Reference Link
July 25, 2014
06:30 EDTMDTObama calls on Congress to end inversion deals, NY Times reports
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July 24, 2014
08:19 EDTMDTLeerink medical devices analyst holds an analyst/industry conference call
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July 21, 2014
08:16 EDTMDTDeutsche Bank analysts hold an analyst/industry conference call
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July 18, 2014
12:51 EDTMDTKey GOP senator signals readiness for inversion deal, The Hill says
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