New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 1, 2012
08:02 EDTMDT, KHMedtronic completes acquisition of China Kanghui Holdings
Medtronic announced that it has completed its acquisition of China Kanghui Holdings, a leading provider of orthopedic devices in China. Under the terms of the agreement announced on Sept. 27, Medtronic will 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. Kanghui's shareholders approved the transaction at a meeting of the company's shareholders held yesterday and all of the other conditions to the completion of the transaction have been satisfied.
News For MDT;KH From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use