Medtronic 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.
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